CRInvestor
Long

1hr BTCE level to consider trade setups

BTCE:BTCUSD   Bitcoin / Dollar
183 8 1
Hello all, recon one can make a bullish case heading into SF conference. You may be a bear and that is perfectly fine, but consider for a moment where institutions would most likely want to put short on (Optimal trade entry zone). Couple that notion with the recent bullish action             on the lower time frames and one can understand why a test of the $600 isn't too out of the question from current levels.

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Psychologically, would you consider the retail reaction of "its over 600, were going to the moon!" to be the institutional shorting point?
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that 625 area is the top, if we pop up there that is where the instiutions will defend, if broken then bear dead imo
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Ronan CRInvestor
If we beat that top, which is a more poignant point than the 600+ mark where retail may believe we are in bullish territory, we'll actually be in bullish territory, I think I agree with your analysis
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Bat?
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look at chart above
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grahvity CRInvestor
Gotcha. Thx
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Thanks! what x point are these fib bats being drawn from? cheers
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snapshot
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