tommyjones91
Short

BTCUSD BITCOIN USD DESCENDING TRENDLINE MEETS SUPPORT

BTCE:BTCUSD   Bitcoin / U.S. Dollar
UPDATE FROM PREVIOUS POST, PRICE IS AT KEY SUPPORT AROUND 211 AFTER BEING ONCE AGAIN REJECTED BY THE DESCENDING TREND LINE LAST WEEK, WITH A SERIES OF LOWER LOWS AND LOWER HIGHS. A BREAK OF THIS LOWER SUPPORT COULD LEAD THE WAY TO 196 THEN THE LOW AROUND 168. MY BIAS IS FOR A SHORT TRADE AFTER A DECISIVE BREAK OF THE SUPPORT.
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