BitCoin (BTCUSD) study

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BitCoin ( BTCUSD ) study

A bounce towards the major trend line could be seen above 8650
Comment: Hourly chart suggests that BTCUSD is all set for a bearish flag breakdown

Comment: After the bearish flag breakout BitCoin moved towards the right angled pattern support and bounced from there. Now the possibility of a move towards the major trend line is high