follow the purple line it shows that this is a retest bounce

Bitcoin (BITSTAMP:BTCUSD)

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BITSTAMP:BTCUSD Bitcoin

Trend Analysis

trendanalysis

This looks like a retest bounce of the blue trend line and the direction is down ,,,

Commento:

mmh ....how was this one missed ,,,

Commento:

so.... BTC has to prove its going up by closing above 6460

Commento:

Aha ,,i see issue Bitfinex do not show the retest bounce ,,

going to hit 58xx - get out at the retest bounce

Commento:

some brain damage on that bitfinex chart ...its off a bit

Commento:

Hmmmh ..its easy to make a mistake with the Bifinex chart as it omits the "retest bounce" and this is a big deal as the bounce tells a lot about an assets trend
We would have caught it with this chart (below) . But it just goes to show that some of the charts are misleading and double check everything ...

if BTC drops the first place for a possible bounce is 6656.

Commento:

looking back at some older graphs shows threes a 5900 hit in there somewhere ...and it has not hit yet ...

BTC - Could be something like this - A B and then C

Commento:

Target hit and closing this BTC graph out ..

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