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SChalice

Larger view of BTC two trend line reversal idea

Bitcoin (BITSTAMP:BTCUSD)  
SChalice  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis
2
0
trendanalysis
BTC has broken its steep reversal trendline (BLUE), which was untenable.
I believe BTC is now in a correction phase of that reversal (YELLOW).
BTC needs to hold 46.3k for the short term reversal to hold up technically.
Any third wave should take BTC well above 54k. This could occur at any time if it holds 46.3.
Otherwise it could take weeks longer.
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