BTC/USD - Blood Covered Wars, Pull Up Needed.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC /USD - 1D Chart is showing some definite short term reversal signs, by no means am I pointing toward a full bullish reversal at this stage, but I am saying I expect us to re test the previous swing high at $6,800 due to a bounce zone lining up with some key structure zones.

Blood has been great for this market, I am seeing people drop like flys and only the strong will survive this.

I am Bearish mid term until we break out of some key structures, $6,800 is an important close above on the daily in my opinion. I feel the market needs a breather before more pain and suffering will occur.

The market has been tough out there but It is super important to remember thinking long term.

Work on trade plans. Work on your psychology, Work on Technical Analysis .

Peace out!


Thanks everyone for the comments!! Appreciate the support. Have followed you all back
Nice one man! Love your stuff. Great time to work on trade plans & psych & TA as you said! And although this may be a little overly-competitive, it lights my fire to see so many capitulate... be greedy when others are fearful! I'm being greedy in improving my abilities ;) All the best.
Nice chart, I'm seeing the same thing with the falling wedge. Did you notice the bullish divergence that is formed right now? I think it could take us to the top of the wedge (check out my recent idea for a chart of it). Let me know your thoughts on this!
Cheers boss. Always down for learning about my emotional psychology
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