BTC - 4hr Stamp has broken down

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Just a quick update. BTC             - Stamp has resolved the recent consolidation bearishly. I have been talking about the consolidation for a few days now in my videos and we have broken through support. While current prices don't seem to make sense for new trades, it is in my opinion one can realistically play short setups (day trade basis) as we work our way down to highlighted levels or just wait for a consolidation at/near those levels for new long purchase considerations.

Cheers all and hope it helps

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Update (as of 2:30 pm pst) - recon she will 'play' with this 38.2 fib level here for a bit, maybe a little bit beyond then rally back above but imo we have found a short term trading range here...
Is your bitcoin address still valid? (1EBttA56cWsgtsZn83VGiNT8si7inZV5Z5)
You've helped me out and I enjoy your youtube videos and charts so I wanna donate a bit.
CRInvestor PRO JishukuUkuhsij
lol....I keep forgetting to add that to the end of my posts....ty for reminding me I have edited the original post to include it. (donations greatly appreciated)
JishukuUkuhsij CRInvestor
Donation sent. :)
CRInvestor PRO JishukuUkuhsij
CRInvestor PRO JishukuUkuhsij
kaboom, indeed,
+1 Reply
I sold today and will wait until we bottom out and stabilize again to buy back in
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