MyFxPicks

BITCOIN: Bearishness Before Upside

Short
COINBASE:BTCUSD   Bitcoin
Howdy risks-taker!

I've had time to take a probing look at bitcoin this weekend and see what I think I found.

I do expect some large-scale bearish activity on bitcoin in the coming weeks. The pair looks anytime ready to plummet in any case. We've been struggling to keep any bullish steam and sellers are pretty much in control.

But make no mistake about it, the pair is inherently bullish in my view and the question is how long to keep going down before we see definite rallies?

For now, this is the idea I am interested to engage with until proven otherwise as we often are.

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