#bitcoin - *Update* We need a green Thursday!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin has made all its way down in only two days and now hitting the formerly mentioned potential bullish triangle support. This is a very hard approach that needs to be smoothed by a green candle tomorrow otherwise, the next support target is around $9500, where it would be immensely important not to fall through to keep the bullish trend alive. The monthly Pivot has not even made Bitcoin rest a little, which is the reason the yellow box has been hit pre-maturely and caused a little bit lower values as expected yesterday. Please also watch the H1-H4 interval in order to keep an eye on bullish reversals here. For some people, this might look like a good entry, but it is very much needed to wait for those signs in order to be able to justify the risk-management, which currently could sit just below $10k as a stop.

Targets all remain the same.

Warm regards,

Good idea :)
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