RyanXavier

BTC Shorts

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BITFINEX:BTCUSD   Bitcoin
Lately btc has been rallying parabolic on this bull run, so I decided to hop on.
As we all know what comes up must come down, here we do have some bearish signals being provided by the candlesticks.
$32,500 support has been broken and if we do have a close below and (fingers crossed) a retest of this level we could easily have a short term correction to $29,500 and if momentum is on our side - $27,750. Once we have achieved one of these levels, hopefully we can have a smooth bullish continuation more to the upside but only time, patience and wicks will tell.
Komen:
First target reached, lets see if we can dive deeper to $27,750

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