Tangent1

midterm recovery, short term price breakout

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
current downtrend was caused by a bearish rectangle / and the double top
Currently there is a gartley bat / cypher armornic pattern that might complete at 6900usd which could mean a short term price recovery but the resistance will probably make that the price fall to(or below) trendline
if the 6900usd support is broken,is possible that BTC -4.60% might drop to 6000usd, if it drops from current trend line is better to sell,because the RSI doesnt show BTC -4.60% has finished to be oversold
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