SBTC
Short

The bears are roaring

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
- 14/3: Price broke and closed under the long term trendline
- The bullish response the next two days was pitiful
- Price is likely to move towards support
- There it could get cornered between support and the downwards trendline where it could fuel momentum to travel North or South
- If it breaks and closes under support a head and shoulder pattern is confirmed
- Next significant level would be $3000,-
- As long as price stays under the downwards trendline the bears will stay
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