BTCUSD - Not Quite but Almost a Good Time to Set a New Short

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Channel is getting a bit wide but it's reaching for the resistance..highly doubtful that it will break through. Pretty much the same setup as my ETH chart a few minutes ago, but left this one in log scale. Currently at the end of a false bull flag in the short charts, I call this sideways death cycle "flopping around like a fish out of water".
Comment: This little pump over 8,100 should be the last gasp for this resistance bump, set your shorts!
Comment: In above image, notice the RSI downtrend and the lack of volume to support the little one hour pump..approaching the resistance in this scenario is not supportive of a solid .. or any.. break thru of the resistance.
Trade active:
Comment: Bounced .. my placements might not be perfect.. but neither is the market :)
Maybe called that a little early... I just set my short at this new ~8340 level. Might climb towards 8500 before the slide though.
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