Just break the resistance already…
With a much easier slope to grow on, the trend line I initially added was broken, giving me a false hope of moving to the Bear’s side, but as I mentioned in my last article, I required a confirmation to do that. Because it did not happen, and the price went up again, all I could do is redraw the trend line.
Like a painter on a canvas, these “pieces of art”, are truly magnificent to watch when the price bounces off them.
But bouncing off is not enough, it must break somewhere and even though all point up, if the $440.00 line will hold there will be a drop down with the US Dollar gaining lost space.
http://www.fxnewscall.com/bitcoin-price-technical-analysis-where-to-now-still-long/1934811/
