The_Coin_Jerk

BTC looking over the edge

Short
The_Coin_Jerk Updated   
KRAKEN:BTCUSD   Bitcoin
BTCUSD
Break and Hold levels for BTC, levels achieved at fractal levels down to 15 min charts if needed for precision.
Trend lines, accumulation to accumulation, distribution to distribution.
Analysis on back-attacking valley's on both inverted and normal scale.
Comment:
Currently under the inverse hold level at 31,199 squeezed between trend and break level of 29,366. We have tested this level 3 times in this downtrend, time is pushing towards our downtrend line, with expected reaction to the downside. Not too many levels to slow BTC down if it breaks the 29,366 level.
Comment:
reaction off the break to the upside. now looking at potentially breaking out above trend.

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