shootinshredder

BTC was getting a little "frothy" there

Short
BITSTAMP:BTCUSD   Bitcoin
First downward dashed line is 2 week downtrend, the parallel one next to it was from the previous failed breakout.

Again it did a failed outbreak to the same parallel channel as the previous failed breakout.

Regardless its still showing there is some interest from the bulls, so I bet one more leg down, then maybe next time the bulls can break it for real if they still have juice left.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.