SHORT BTC to $36,600 Part 2

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Part 2 of why I am shorting BTC to at least $36,600 . The last run up to 38,900 was a Hunt to get shorters liquidated. Basically a stop hunt and now it's over and there no more volume and no interest in pushing above the 38,500 to 38,900 range. If we get a close with high green volume above $38,700 then I may be interested and will certainly watch to see what kind of volume comes in if we do but I think that is about 10-15% chance of that happening. I feel very Bearish and can see a profit taking zone where they only slightly pump to that zone to take profit and sell all the BTC that Black Rock in particular bought up during the pump from $32,300 to $36,000. Blessings everyone and Trade safe!


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