SunnyBTC
Short

BTCe looking very heavy

BTCE:BTCUSD   Bitcoin / 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
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Reconsidering this chart... it could go much deeper given the rising ADX and bear pressure.... watch out below if we break 540 folks
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Thanks for your great analysis, like it a lot!
I hope you are right :)
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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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