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Bitcoin / Euro
Long

Strong downwards move, wait for bullish confirmation BTC/EUR

By blkman
We see a strong falling wedge in the chart. The wedge is a continuation pattern in technical analysis, where the falling one is bullish. The move down is accompanied with high volume, the move is strong. It already passed the Fibonacci level at 61,8, that also was a around a 3600 support level. Next support zone can be at 3500 or even 3300, if it passes 3300 we can see a deep fall to 2800. If it breaks the wedge upwards wait for bullish confirmation candles/patterns. Also let DMI and RSI confirm the bullish upwards move. Again, WAIT for bullish confirmation.

Hopefully we can get it at nice levels again!
BTCEURTrend Analysis
blkman

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