BTC broke ascending wedge down. RETESTING NOW!

Not much else to say on this one. Weve all been waiting patiently for a good entry on BTC out of this wedge as it was squeezing very tightly at the bottom of its range.

A nice and expected scam pump out of the squeeze and then we see it finally break down below the trend!

As it retests the trend line, i expect a nice short entry will do well. Trailing stop loss as it breaks local support levels recommended!

Good Luck!

Komentarz:

finally hitting strong support along with many alts.

i expect there to be a bounce off this support (nothing major, maybe 22k if were lucky), and then a falling knife to break through that glassy support.

from there im hoping we fall into a range around 20lk or below for accumulation.

and if things really take a turn and this mt gox dump effects the market heavily or we receive more bad news.. well, i still believe its possible to break below 17k. though i find it hard to believe we could really drop to such levels!

ill take that as an opportunity to DCA and load up!!