Bottom of Trendline, wedge still forming. Gradual lift higher..
Market is on hold awaiting whatever events occur in Syria, muted rally indicative it will soon fissile..
See chart.
Double down trendline holding. Double attempt to rally outside the downtrend has failed. Exchanges inflating bitcoin heavily through issuance of fake tether and (yet) Bitcoin is falling hard. This will not bottom until $2000.
Bitcoin is about to drop to $2000. It has hit this support 4 times and will soon break through, heading much lower.
Bitcoin has broken a micro-trend line to the downside, suggesting a bounce to last 2-3 days before a BIG selloff by this weekend..
Microtrendline broke to the downside expect big sell off after a momentarily cling to the $8200 range..
Trendline's are the most accurate indicator of future price action.
Trendlines *are* the most accurate indication of future price action, and this graph suggests the price will bottom at approximately $2000. Japan enforced on 7 exchanges and shuttered 2, leading to reduced price action..