Bull trend change?

24 juin 2016

After a great bull ride we hit the max then started a healthy dropdown where levels come up as resistances or supports it depends on the trend. Obviously afer a brave bear canddle is defining as it tries to pass levels. All is possible of course but in a weekly context bear trend could gain the battle.

7 août 2016

Note

After a retracement to the 666 area it followed the way down as spected...rebound on the 570 area not too strong .
News about bitfinex and the hack issue sorting don't give us good feelings, so in my opinion although it's holding the 580 area bearish sentiment is stronger.