usr32

Short Entry @9300 SELLOFF NOT FINISHED

Short
usr32 Updated   
BITFINEX:BTCUSD   Bitcoin
$9300 is heavy resistance, i believe the selloff has not finished, recent bottom has to be tested again and perhaps even lower to $8000
Comment:
I believe a "top" to be between $9200 and $9300. There is a rising wedge formation inside the "broadening (bottom) formation" and a positive divergence macd 15 min chart
Comment:
correction: i meant to say negative divergence macd 5 min chart
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Just went short @9000
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Just closed my short with profit, not sure if we have seen bottom or not.
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I think we have a bottoming on our hand, i am long @8800 with stops at $8650
Comment:
Next important resistance @10,000
Comment:
BTC above $9000 --> bottom
Comment:
resistance $10,000 reached --> back to $8400 perhaps even to $8000
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