MikeN

BTC/USD Possible outcomes

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
79 0 0
After a long series of crash following the MT.Gox scandal, we are now in a period of calm, exiting the cloud sideways.
The long term bearish trend is still leading the price, but free of the cloud , there is a potential sideways breakout looming. Failure to breach the trendline will probably push the price down with a retest of the 530 support in the near future.

PS Excuse my crude drawings and lack of fancy colors/indicators :)
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