Now Bitcoin again touched downtrend line and it will decline sharply to the bottom line. First and weak resistance is at $370 stronger resistance is at $317 which will very probably be at the very bottom and offers reasonable point for buying bitcoin . However on some exchanges price could drop lower, maybe on or Bitfinex we can go as low as $299. Maximum possible decline during this decline could be $282 but it might b just an unexpected candle shadow on OKcoin or . From $320 price will recover and goes back to $370. However its not clear whether price decline more. Once it breaks downtrend line we can expect strong uptrend which is aimed at $600 with resistance at $400 and $500. Dont forget to use leverage it can multiply your profits but be carefull. Kids dont try leverage it home but only under adult supervision. Thumbs up !! :) and let me know what do you think in comments below :) How much profitable trades did you make?
Downtrend is confirmed by triangles from which price always springs down. Last time it was that nice head and shoulders pattern and smaller triangle which can be seen on H4 or H2.