Bitcoin Plus Time To Go Down?

[Cordillerabit]

BitcoinPlus found the bottom at $30 psychological round number after which it went up sharply hitting $123 and gaining 330% in less than a week.

XBC/USD has been stopped by 38.2% Fibonacci retracement level, that was clearly rejected. It seems that the direction of BitcoinPlus is under the question since in order for it to grow further, a daily close above $123 is required, while if the resistance will hold a correction down to $60 area is very likely.

The overall trend is bullish, but buying at this point could be a somewhat risky endeavor. “Buy On Breakout” strategy could work best in this setup as the corrective wave down could take place.

http://cryptopost.com/bitcoin-plus-time-to-go-down/

[Algeriason]

do you think ?

[Cordillerabit]

do you think ?

will see what happen im in neutral for this one

[Delilonia]

Let's just watch the flow of things