UPDATE ON PREVIOUS BTCUSD BITCOIN PRICE AT DESCENDING TREND LINE

22 Nis 2015

FURTHER FROM MY PREVIOUS POST PRICE ACTION HAS REACHED THE DESCENDING TREND LINE ON THE DAILY CHART, ALTHOUGH THIS FORMS A HIGHER HIGH IN THE BEAR TREND OF THE LAST FEW WEEKS MY BIAS IS TOWARDS A SHORT (IN KEEPING WITH A BULLISH DOLLAR) I WILL BE LOOKING FOR A LIKELY REVERSAL AND A SHORT TRADE TARGETING THE SUPPORT AT THE 211 AREA.