drakernoise

Bull trend change?

BTCE:BTCUSD   Bitcoin / Dollar
63 1 0
After a great bull ride we hit the max then started a healthy dropdown where levels come up as resistances or supports it depends on the trend. Obviously afer a brave bear canddle is defining as it tries to pass levels. All is possible of course but in a weekly context bear trend could gain the battle.
Comment: After a retracement to the 666 area it followed the way down as spected...rebound on the 570 area not too strong .
News about bitfinex and the hack issue sorting don't give us good feelings, so in my opinion although it's holding the 580 area bearish sentiment is stronger.
It consolidated as a bearish candle , choppy movement inside the channel ... lets see if it breaks any of two sides .
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