Technician

BTC: And Here Starts The Journey

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BITSTAMP:BTCUSD   比特幣
12
Update 10/4: Price hits the key directional pivot and first downside target for the earlier forecast (link below) at 382. This should be the main major support for now, and the main remaining floor for price before the next target at 260.
Good luck

Earlier Forecast 27/3 :( ) BTC is moving in a clear downside bias, where the latest bullish attempt failed to test and break the falling trend. The price could be forming a major descending triangle, and thus i see the first target at 382.00. A break below 382.00 would be seriously harmful, as the measured move of the triangle formation points to -400$ ( a negative number (of-course this is imaginary number ) but what do you think that could mean?

P.S: I stick to my earlier forecast that BTC will be below $50 soon

Good luck
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