sumastardon
Long

Bitcoin: BTCUSD Maybe running out of short term momentum, stops

BITSTAMP:BTCUSD   Bitcoin / Dollar
Bitcoin: BTCUSD            
Don't like this pattern very much. That bloody trend line just won't quit ... running out of near term momentum potential.
Decision time: depending on what type of trader, day or swing or long-pull; Day-traders stick a stop right under it, around
7320...next stop at just under 7300 and final stop remains
under 7250 for now...it really needs a push now to clear that overhead line and if it doesn't come soon it will get sold off again
Coinbase added 100k new users, will this give a new volume to BTC on monday? What are your thoughts? Love the analysis though :)!
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