kinetiktrader

Week 3x previous close of July 27 wk4

BITFINEX:BTCUSD   Bitcoin / Dollar
3 Week previous
hi 312
lo 272

Wk2 July-13-2015 sales volume 1/3 lesser
Wk3 July-20-2015 buy volume is 2/3 lesser
Wk4 July-27-2015 sales volume is a little more

Following the monthly chart a consolidation after the bull run in the 280-250 range similar to May is looking fresh.
There is considerable hype about reaching 300+ levels but nothing is guaranteed and anyone investing millions of dollars would probably want to get in an established floor before bears gnaw for another price floor like what happened after the price spike on Wk1 and 2 of july.
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