BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC Thoughts

As some of you may have seen, there has recently been a lot of good news for the Bitcoin and Cryptocurrency in general, with many articles surfacing which are making the coins look very investable.

These are my thoughts, one of two possible scenarios (Obviously - The market can do whatever it wants but these are my views):

Bitcoin breaks below the daily counter trendline and carries on short to hit the lower trendline (Channel)

Bitcoin breaks above daily resistance and the upper trendline of the current descending pattern (Reversal pattern) and rallies to the start of the pattern (At least)