BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
420 2
Looks bearish as it just broke major support level of around 442 last week & now looks to test tgt .#1=382 & then the final tgt .#2=202 level which is the level at the previous major b/o for the parabolic move for volume for confirmation
Hi. What do you make of today's rally?
Like last week before the dump, it battled a bit with 446 and then failed to consistently break 465.
I think it wants to come back down.
I just know I'm short and want it to, so do not want my hope to cloud my judgement.
It's the 15th tomorrow too..any significance do you think?
djflowmaster johnrfraser
Think it continues to test this macro downtrend line from the highs & will keep bouncing off it to the downside until it eventually hits the final tgt. of 202.....there will be points of support all along the way & could take a few months or so but should go to that level.......of course if it breaks the macro downtrend line w/ any consistency & stays above that then the pttn. is no longer in play to the downside & a reversal of some sort could be in the works.....the key is that macro downtrend line
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