KanchelskiTeh
Long

Potential Reversal on Bitcoin

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
161 0 1
Moving onto BitCoin             , there's a potential reversal if it fails to close below previous lows.
followed by a double bottom ,
and we will buy at the next bar market,
stops need to go below previous lows
and targets will need to go at least until previous structure which is around 222$


If you're not a fan of counter-trend trade,
you could wait for a confirmation of break (LLLC, lower low lower close)
followed by a retracement towards previous support which should become resistance.
and you can sell BitCoin             and hop onto the ongoing downtrend.

Kanchelski
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