Saytiras

Double Top, we may revisit the recent lows

Short
Saytiras Updated   
BITFINEX:BTCUSD   Bitcoin
If BTC doesn't close strong above 9250-9400 this weekend, we may revisit the 6k bottom. Pretty good setup with strong risk/reward.
Comment:
BTC invalidated the setup by breaking above $9400. Overall the picture is still bearish though, as both the 4hr and the daily show a significant bearish bias. I would look for $10k to open a new short. We have both the 4hr Kijun and the daily Tenkan in that area, which are strong resistance since we broke through the daily Kijun in January.
Comment:
Trade closed: stop reached
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