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[2014-08-22] bitcoin-chart-analysis-end-trend
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Topic: [2014-08-22] bitcoin-chart-analysis-end-trend (Read 866 times)
ganabb
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[2014-08-22] bitcoin-chart-analysis-end-trend
August 22, 2014, 04:53:48 AM
#1
http://www.cryptocoinsnews.com/news/bitcoin-chart-analysis-end-trend/2014/08/19
Bitcoin Price is in the last leg of decline since the early-June high near $680. This downtrend, although relentless, is neither stronger nor more volatile than comparable declines in the first five months of 2014. In fact, the current wave down is characterized by little price swing and measured corrections. The big question is where it will end and the price level of the coming BTC/USD bottom will provide us with further clues as to the Bitcoin chart’s next move.
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gmx95
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Re: [2014-08-22] bitcoin-chart-analysis-end-trend
August 22, 2014, 06:37:18 AM
#2
If you look at today's movements, it is not clear if decline has stopped or if it will continue further. I think to revisit the $300 range is still possible.
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101111
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Re: [2014-08-22] bitcoin-chart-analysis-end-trend
August 22, 2014, 07:45:31 AM
#3
I'd like to see some good consolidation around $550 - $600 and a break higher, to be comfortable about new longs, since otherwise we could quite probably continue to drift lower.
kjlimo
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Re: [2014-08-22] bitcoin-chart-analysis-end-trend
August 23, 2014, 03:42:33 AM
#4
Quote from: gmx95 on August 22, 2014, 06:37:18 AM
If you look at today's movements, it is not clear if decline has stopped or if it will continue further. I think to revisit the $300 range is still possible.
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