BITFINEX:BTCUSD   Bitcoin / Dollar
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Chart still following from yesterday as it did not smash through my 50%, but the first band of resistance remains strong at 338-340. Volume is sort of drained off still from that rally last night, so I think we'll need to see a little more volume before any major movement happens. Next resistance zone would be 352-354


Watching that micro trend line, should see if it bounces it or goes back to the original channels that we've been in for the past 8 hours.

Bullish for another breakout soon to test 340.
ChartArt
2 years ago
Good analysis. There is a MAJOR very important Fibonacci retracment around $338 for the entire year 2014. I haven't published that chart yet, but as soon as we break above $340 I will do it.
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