ChristopherCook
Long

BTC Still On Existing Trend

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Today we saw another plunge down and that green lower trend line holding as a support. If it continues on this trend we are the bottom and have another uptrend in play in the near short -mid term 1-3 weeks to fill up the gap between those two green trend lines again.

As for the falling wedge breakout we could see that at any moment but I suspect we will either breakout from this short term existing uptrend. Or this existing uptrend will be broken and we will eat up this wedge till there is no more room to move where the next big up move will be a breakout.

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Thanks,
Chris
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