Swoop6

What is BTC doing?

BITFINEX:BTCUSD   Bitcoin
Currently I'm not in any trade at all as this the range is too tight and risk is too high, we can see on the MACD we broke to the upside but volume is low and the ranges we're currently in are 4k-4140 (very tight), If we do however see a break above $4140 with considerable volume I would be taking a long position with targets around $4410, Personally I see this run up not having enough steam to pass $4140 and we will fall to previous support levels first one being $4000>$3800>$3660 as marked. You can see a lot of alt coins had big run ups and now they're slowly starting to bleed which is normally a sign of things slowing down and people sitting on the sidelines waiting to get some confirmation in either direction gl.
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