Post
Topic
Board Speculation
Re: Bitcoin down to $570
by
Denker
on 14/08/2016, 17:06:16 UTC
Time to pick up more bitcoin ?

Well if you have some spare money left and want to invest...why not.
If you want to trade I would wait and check the next few hours what the price will do.
Right now we are close to the 565 support line which had been tested 2 times within the last 3 hours.
The superior trend (H1 chart) is bearish.So there is a possibility for another downwards breakthrough and then next support line is at 552.
The daily and weekly chart however is still pretty bullish.