tanglebot

Bitcoin Free Fall Ahead - Target 5200

Short
BITFINEX:BTCUSD   Bitcoin
After yesterdays fake breakout and heavy resistance at simple moving averages, it is clear that the bulls have run out of steam. It is wise to short and buy back at around 5200, which should act as a mean and we can start a slow climb further.

Be wise and increase your BTC holding. No, bitcoin is not dead. It is just a sane correction to bring the market to normal.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.