AlphonsoElliottJr.

The BIG TEST to $2500 a Bitcoin then maybe $1100...

Short
BITFINEX:BTCUSD   Bitcoin
Bitcoin is losing steam and there is still a lot of pressure from the bears above. We have been moving sideways for a while but also entering into a new month would not be a good idea to buy right away. I actually did begin selling when I seen a little boost opening high on the monthly chart. At $1100 was the best area of support and when the rallied begin for the up move to 19k non stop. The 50 smma on the monthly chart has never been hit yet which is around $2500. We will have to expect to have the market go and touch area at some point. It would be great to get in at a cheaper price for Bitcoin. I just believe we are in the real body on this month candle just yet.

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