BTC seems going down..Bulls r still weak.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
From Triangular wedge we can see the downword direction BTC             took instead going upwards..It seems bulls r too in dilemma whether to long or not.. BTC             gone to 14.5k then took a drop to 14k             and then rised a little then dropped to 13.5k ..again raising to 14k             ..If this rise have no force we can see 12k for sure..and then a slight upwards and then to 10k if everyone starts shorting..I am neutral for now until if it again hits below 13.5k then we will see how much down it will go.. BTC             is now purely running on human psychology not on trading tactics..we r surrounded by attacks from all side which is not letting BTC             go up..panic sell may start if we drop again from 13.5k becoz 13.5k till now giving strong support..
Support is at 50% which is 12700, not 13k.
There is a very strong support on 13k. If we do not broke this support watch the triangle pattern = next stop 15.3k then back to support on 13k and boom to 20-21k
i suspect a .92% drop to 12800 is in the works
ghose12 mycotoxin
@mycotoxin, there will be drop and rise kinda pattern if bearish is confirmed..becoz at every support u will have a reverse rise..
love this one I am With you Lets BTFD
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