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.
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.