BTCe looking very heavy

BTCE:BTCUSD   Bitcoin / U.S. Dollar
There are 2 fib targets 553-553.8 on btce. Also ABCD target around 542.... should see a bounce there unless we break 542 in which case my money will be at 502.34 - 504 next.... Should then lift off to around 750

BUT... this could have legs given the amount of bear pressure ADX-DMI is showing. I'm holding short until this resolves on the 4hr

Related Ideas

Get out of my short around 565. and entered long 570
Reconsidering this chart... it could go much deeper given the rising ADX and bear pressure.... watch out below if we break 540 folks
Thanks for your great analysis, like it a lot!
I hope you are right :)
SunnyBTC Maddie
Hey Maddie, no problem.... I hope it's right too! A lot of folks are saying we're at the bottom here in the 560's but i don't see enough panic selling yet to fill the whales boats with
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