OptimoomFX

Bitcoin- I'm a short seller at 55k

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
There have been 2 days of great volatility for Bitcoin with the price ranging around 20%
Now the price stopped falling in 45k support and is rebounding and trading around 50k zone
In my opinion, bulls are not out of the woods yet and a new leg down is probable in the next few days
That being said I'm a short seller around 55k with a target of 42k
On the other hand, a break above 55k would signal that the correction is over and bitcoin could accelerate its gains above 60k
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Comments

Very probable macro frame scenario. Great job, thank you!

Take a look at our short term analysis!
100 coins
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watchtrend SkyRockSignals
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watchtrend SkyRockSignals
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Hoping it hits 55k. Looking like 53k will serve as resistance. Imo correcting down to 42k - 38k range before we start journey to new ATH on the fib 618 channel.
+5 Reply
OptimoomFX j_bones
@j_bones, my yesterday s sell limit was 53...
Thanks for comm
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j_bones j_bones
Thanks for your work!
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@j_bones,
Concur completely. The "U" in the "FU" pattern bitcoin is doing.
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You would go short after a healthy bounce/recovery in a raging bull? Interesting...
+2 Reply
OptimoomFX AndyLawson
@AndyLawson, we ll see, at least this is my opinion
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