JoaoAlvimFigueiredo

Bitcoin moving in a downtrend channel

Corto
JoaoAlvimFigueiredo Actualizado   
BITSTAMP:BTCUSD   Bitcoin
After hitting the 11400 athigh following a massive rally we are getting the waited pullback. Time to lock in some profits and wait to buy lower. At least that is what I'm doing :)

When should you buy again?
Looking at past corrections we observe that a 40% correction is common. That puts us around the 6 to 7.5k range, Both big resistance/support levels.

Can btcoin just keep rising?
Yes! But in my opinion this is not a bullish movement. Also the high volume and volatility indicate that we most likely have reached the top. Let's wait and see.
Comentarios:
Out of the channel!
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