Will retest 575 dollar support. Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ Aug 10, 2014 5:54 PM

Price is inside a very large descending triangle contracting over the last 40 day period. After bouncing off the top of the triangle vector, testing proven support at 575 is inevitable. If this breaks, next firm support is in the 555 region.

Comments

Sandman

⋅ Aug 14, 2014 10:46 AM

Good trade :)