Bitcoin Rally Correction Ahead

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
468 6 3
The price could drop in the next days down to $255 or maybe even lower to the $240 area.
Strong support is around $245, so not a bad guess.
altcoinbonanza MoonTrader
yes. i have been re-thinking my position here and this is what i see now. Don't get me wrong, i am a bull at heart but i have to take these trend lines seriously and for me i see downward movement here. Am i wrong sometimes, yes. But in this case i would have to agree with ChartArt and MoonTrader. If i'm wrong i'm wrong and that would be nice for bull stampede group, lol.
You could be on to something here my friend.
Hi Chartart, why 240s?
Is this the condition where the bull trend is invalidated or do you see this as a retrace from where you expect to see new buying?
ChartArt johnrfraser
240s was Just some quick gut decision. I wanted to post the chart before the daily close. The only key area I'm sure will be a battle ground if the price falls more will be $250-$255.
will keep a watchful eye
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