Mr_KnowHow

Still in downtrend but that can change in bitcoin | 1W Log

BITSTAMP:BTCUSD   Bitcoin
A - Still goes down in a channel, if channe breaks up, new uptrend starts.
B - Looks like the main support(which isn't broken any in the life time of bitcoin) still works.
C - That looks like it moves in a bullish ascending triangle.
D - 0.618 fib level of latest bull run that tops at $14.000 is a good area for trend to turn. Also it seems like there is resistance there.
5 - My expectation for future. I don't trade by the way. I hodl.
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