Tendorian

19th April Bitcoin, Up down up down means a range

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Up moves and down moves that makes no sense means we are in a range, better wait for either side to break before deciding the next move. This range can go for some time before breaking. But generally this kind of strong upmove and ranging pattern suggests the next move is down instead of up.
Comment:

If you ask me, this is a great place to short the market, something big is gonna happen, most likely a big crash.
Comment:

Short 8250
SL 8400
TP 7600-7800 area
Comment:

If price bounces at the 8100, I will accept that we are in a bull run.
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