J.Livermore

Bitcoin has been slippery but canalized. Now interesting.

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
288 0 3
Any savvy investor would have seen those 3 domains in play.

For the ones who are out of the market this controled slippery has been a game of patience to find an new strategic position on the market.

On one hand, technically, the conjunction of 2 supports, the low of the channel + 2751 support could be a good entry for a bounce.
On the other hand, we are far from signs of reversal and entering in the (very) bearish zone would be full of benefits for the ones outside the market.

I'd like to add that leverage fiasco give all the odds of another flash crash and give an incentive to investors to wait again to grab cheap coins even lower.

In a couple of hours/days we will have an idea about the choice of the market.
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