steve.elliott
Short

Hold up Bulls - Are you checking the Daily?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I'm seeing lots of comments on a double bottom and that we are about to embark on a massive bull run. Think you guys need to zoom out a little.
We created a double top on 5th March which kicked us south. We are rejecting off the Ichi and off the down sloping trend line (yes I know mines in a different place to some other peoples - yet it seem to be consistently rejecting on that line).

Until we breach that, i'd say the double bottom is meaningless. Look at the volume . Its still unimpressive. I will only change my mind if we breach 9400.

Good luck
Comment: OK thats more like it ;)
I'll hold and buy again on the bottom.
Reply
selll??
+1 Reply
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