YaKa

Bitcoin - There may be more downside before it stabilises

BITSTAMP:BTCUSD   Bitcoin
8
1) For the moment: no breakout until 300 is broken.
2) Given the speed at which the top line goes down, a breakout is likely at some point in the next few months (but it could happen from a lower stance)
3) Below 230, Bitcoin is subject to another dive that could lead straight to 100.

Conclusion: on the long side, waiting for 300 clearance may be wise.
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