Bitcoin Daily Chart / Bearish & Bullish Scenario's

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Esson_invest

Chart is on the Daily:

As you can see, Bitcoin is trying to test the support line. If it tests successfully, we will see a uptrend and potently get it back to bullish conditions. if it fails, we will be in a bad bear market and continue this downfall.

Looking through past history and chart patterns, I believe it will keep on going down and continue with the bear market. We will see another false uptrend but will come back down.

Hopefully I am wrong!

Be prepared for potential short my friends.

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