COINBASE:BTCUSD   Bitcoin / Dolar
COINBASE:BTCUSD             , is trending down steadily.

I have drawn a chart where BTC             can take support
Komen: 14300 now, 800 more to reach the target.
Komen: As our chart is based on Line and price close, support was nicely held last time.

I observe 2 things :

1) Price is testing the support again and again to check the strength.
2) As the fall was very steep, it will breakout soon. A breakout will change the sentiment towards positive.

Komen: As our chart is based on Line and price close, we dnot consider the price extension in that particular timeframe.

Price closed well above the support and bounced back.
Komen: Well, I dnot know how to change the heading.

BTC heading to 20000? should be the title.

Komen: My view on the BTC/USD

Komen: Look at the RSI, it is at the Oversold condition which can take the price to the upside.
Komen: Update :

A decent bounce from the demand zone

Komen: We broke the roof top pattern and formed a downtrend channel. Price is following into the channel. But there is a strong support at the demand zone. As long as support holds the demand zone, we can buy there and sell on top.

1) Price on trendline
2) Forming a symmetric triangle pattern which can breakout soon.
3) Price is above the support.

Channel :

For Smart Trade : Register here. You can do trailing sl or take profit easily.
should we be selling alts, then? thanks for the TA!
Is it good time to buy btc.. Or to wait for some dip
@cj0096, that was a nice support. One can buy it, who knows where it will go.
@cj0096, Start buying with small slots.. who knows the last point of dip.. :P
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