BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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Bullish till it breaks those double bands.
toThemJoy CryptoEngineering
@CryptoEngineering, that's some great advise you got there.
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@toThemJoy, Thank you. So you are bullish above $5500 right depending on your analysis?
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toThemJoy CryptoEngineering
@CryptoEngineering, My observations. Connect the two highs to the low of August 2015. Scroll to the left and you will see that the fib extension touches the BTC low of $2.26 then compare where we are now the blue zone to the lows of 2015 (uncanny resemblance). I believe this to be the consolidation/accumulation phase the bands will be tested and then a continued sideway with a potential low of $2800. Late Summer to early Autumn will be decisive.
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@toThemJoy, I see. $3200 is the key level for me, If BTC break this level with a strong red candle ( open close 1D below $3200 ) will take us to way lower than $2800. TETHER FUD? Maybe

Othwerwise $3200 is the bottom for me.
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