Reshalex

Reshalex Updated 

Seems that we have H&S pattern in BTCUSD .. if so, downtrend is coming..

Reshalex

Still downtrend! We've touch 0.235 fib retracement, and if we break it - next stop at ~1.166. if not - continue to go down.. Can try to set short orders with SL about 1.45. Good luck! ;)

Reshalex

Seems that we should see at least one more try of the USD to touch the monthly channel upline and then.. falling..

Reshalex

As I can see, we still inside the downtrend. In this case, opening long positions looks as not so good idea! Trade carefully!

Reshalex

Seems that the price touch the possibly bottom. Currently we closed upper than the 07/2009 support line and month downtrendline. I believe it should be strong support for the crude oil.. if the price break it - next level is 50 USD/barrel.. than 36.. let's see if the price can stop falling here..