MoggsUk

BTC will head to 800/1300

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
this is how it should play, but if we break that 3700 in the next few days ignore this


ideally this support at 3700 should be tested for a few weeks before it breaks,

how ever i could see BTC to 800/1300 aloot sooner than the chart trend

i have no real incentive to predict a strong V bounce as theres been lots of good news about BTC of late and it has not made any real impact

what you are seeing is some very big whales mopping up in small movement trades

OTC average joe has given up