CIpher2k
Long

Slowly but steadily

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
114 4 3
BTC             is not doing any big moves up or down anymore after the big January correction. Volume seems to be back and the bears are losing ground.
I expect BTC             to move slowly towards the main resistance within the next 7-10 days.
Comment: I have adjusted my idea a little bit due to the faster move upwards yesterday.
MAY BE AFTER REACHING 10K THERE WILL BE A FALL..TO 8K AND THEN TO 5K IF 8K FAILS
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CIpher2k ghose12
@ghose12, I would not bet on that.
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ghose12 CIpher2k
@CIpher2k, i am sure 10k will be a selloff point and the support i dont know...we may rise or drop to balance the chart..
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CIpher2k ghose12
@ghose12, Yes, 10k (or close to 10k) will be a resistance. But, I would not go as far as to say that it will drop down to 8k. The dashed green trend line is a heavy support/resistance. That would be around 9.5k
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