blkman
Long

Strong downwards move, wait for bullish confirmation BTC/EUR

BITSTAMP:BTCEUR   Bitcoin / Euro
We see a strong falling wedge in the chart. The wedge is a continuation pattern in technical analysis , where the falling one is bullish . The move down is accompanied with high volume , the move is strong. It already passed the Fibonacci level at 61,8, that also was a around a 3600 support level . Next support zone can be at 3500 or even 3300, if it passes 3300 we can see a deep fall to 2800. If it breaks the wedge upwards wait for bullish confirmation candles/patterns. Also let DMI and RSI confirm the bullish upwards move. Again, WAIT for bullish confirmation.

Hopefully we can get it at nice levels again!
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