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Bitcoin
Short

Bearish Trend Continues, looking for retest of low 600's

185
Since February 6th 2014, Price action has continued to encounter severe resistance when attempting to achieve a higher-high, higher close. Despite my eagerness to see prices > 900+ USD/BTC, ( and a bet I made with a friend that BTC would out pace the price of gold by May 1st, 2014) our current down trend persists. Break-out of the symmetric triangle pattern yielded nothing definitive save for the resolution to continue consolidation, however, we've yet to violate the trend channel (pictured in purple) with a close above and anticipation is for a reversal for a re-test of the $580 level or lower.
ninjabenja
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ninjabenja
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.