mjtrustme

BTC bearish divergence

Short
mjtrustme Updated   
BITSTAMP:BTCUSD   Bitcoin
BTC has turned a completely bullish scenario coming off of a huge bull flag and a bounce into a bear flag. Go figure!

If and when it breaks down and tests the trend level, a break of tha line that has been clearly respected will send BTC pushing lower.

If this does happen a short off of the 0% Fib could be in order.

Comment:
Still looking for a short entry @ 9.2k-9.4k
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