Sell trigger in bitcoinPrice action looks weak in here, and it is on the verge of a breakdown from the consolidation.
Perfect entry for a low risk and high reward.
Take profit targets:
249 (double bottom) and 250.
:doom: :devastation!:
Sajma
Gentlemen, start your engines (BTC about to move)Greetings to the TV community.
Here's a good opportunity for the bulls to prove they are still alive.
As of late, selling has been showing some signs of exhaustion and important support levels have held in a long consolidation while the big bears don't bite, creeping up making -borderline- higher lows since the January 15th bottom.
The red trendline that dates back to November 2013 seems overtested and ready to be broken.If that were to happen we might see an explosive retracement definitely worth the trade, after which the price might decline to retest the low.
If, however, the trendline held.. I'll just quote Banker928: "poor BTC bulls"..
Will they wake up from this nightmare?
