BITSTAMP:BTCUSD   Bitcoin / Dolar
In my point of view, I think bitcoin will breakout again soon and set a new ATH . We can see a huge pennant has formed.
This is a seller's market : downtrend (Check daily). We had a dead cross on the hourly this morning and we are getting lowers HIs & LOs. Time Fib the poop out of it to get the supports. I scalp usually and was not able to find any money spots (buying in seller's trend): last 2 times this happened to me we dropped 50 to 80%...
mattwhite23 jpfortin
@jpfortin, will the 11.7k support hold or will we fall further do you think?
I took some profits and sitting in the side with fiat.
jpfortin mattwhite23
@mattwhite23, same here. I do not think current support will hold. Buyers are weary and sellers are dumping - Also anticipating Asia to dump based on latest news: closing mining operations, SEC some blocking ETFs, China/Korea clamping down on exchanges for taxes and levies... lot of FUD
+1 Balas
Quinster01 jpfortin
@jpfortin, I don’t think that will create enough FUD to drop below support levels. But let’s see what happends.
+1 Balas
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