UnknownUnicorn493766

09mar18 LONG YES but from where exactly

Long
BITFINEX:BTCUSD   Bitcoin
Acceleration away to the downside.
Channel forming
Death cross looking as though its about to form. 50/200 EMA
Reserve banks with Government backing to contain CRYPTO's.
More fire power than all Crypto tokens, coins and IPO's combined.
Trade active:
WEEKLY CHART - BEAR BIAS - 8000 the target

DAILY CHART - CONSOLIDATION, INDECISION, NO REAL MOVEMENT RECENTLY.

4HR CHART - BEARISH BIAS - PRICE CONTAINED BELOW THE 9500USD LEVEL WITH THE 50 EMA ALIGNING AS RESISTANCE

1HR CHART - BEARISH BIAS - TARGET OF 8500, PRICE MOVING LOWER NOW. 8500 ON THE 1HR CHART ALONE HAD THE TRIPLE BOTTOM REACTION. BEARS TARGETING THIS LEVEL.

GENERAL - OVERALL DOWNWARDS CHANNEL STILL IN PLAY - BEARISH SENTIMENT OVERALL
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