JohnGalt
Short

Bitcoin - negative outlook

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
285 1 0
if the descending triangle develops completely the outlook is negative. Target areas could be within 260 and 280 USD/BTC.
I regard this negative version with a possibility of 60%. In consideration of the boom in the asian markets bulls could destroy the pattern easily and as we have seen in the last months - in the case of bitcoin everything is possible. (we have not enough historical data to plot charts based on former developments or deduct the outcome of new situation)
MaciejTrebacz
3 years ago
I really hope you didn't follow your own advice with your money.
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