Playj

hourly vol climax approaching look for consolidation or pullback

BITFINEX:BTCUSD   Bitcoin
I'm personally gonna try to get a decent short entry on this which I have starting scaling into with only a very small amount at a time. There is not a lot to tell you to short here so its kind of a flashback kind of moment to me personally. I remember the last fork as btc went up up up btc dominance kept climbing and alts were getting murdered. It seems like a very similar situation to me so its not necessarily a technical entry more of a beyond fundamental analysis setup. But what happened after the btc rise an alt selloff was a continual selloff of market cap an btc for the next few weeks. I would like to get short entry's between 4800 4700 but will have very tight stops and it will be a short play if we see a massive sell off locking in profits or a bounce

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