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11021992
17 Th02 2017 19:45

BTCUSD: Climbing to the top, but... Giá xuống

Bitcoin / U.S. dollarBitstamp

Mô tả

Hi traders,

The bitcoin has managed to climb its way back up twards the 1050 - 1070 area. The way that it got there, may be an indication of what's to come. The drop took just 1 candle (4 hours) and the retracement took about 50 candles). My expectation is that we will at least get a correction when price hits the 1070 mark.

Cheers
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mikenz
just that the previous fall was a crash on news (china) not an organic one
11021992
@mikenz, You are absolutely right. But like I pointed out in the description, I'm not expecting a huge drop off of this top. Just a small correction. maybe towards 1020 - 1030 area.
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