Course Overview Bitcoin - Triangle Break (01/08/2016)

in #bitcoin9 years ago


Bitcoin course sold out of the triangle down. In the last review, we just advised not to take active steps before the start of the movement in one direction or another. Output realized, almost according to plan, with a delay of a few days.

Price worked at all levels, which have been designated by us: the breakdown of $ 640 down, brought the price of around $ 610, where now we see some consolidation.

Painting on a fairly obvious: the breakdown of $ 610 will rate down quickly in the area of ​​$ 565. And this script now looks the most relevant in view of the lack of clear signals to the power of the bulls.

But at $ 565 is waiting for the consolidation and further evaluate a picture again. About growth can only speak in the breakdown of $ 660 up, but as long as the preconditions for growth is not visible.

We recommend trading on the main vector in the short-term price movements, and it is clearly negative.

It should be noted that the medium price looks up, so all trades are now the most logical to undertake solely on the short-term range.