15m BTCE - OTE short sweet spot tag = fiat for now

BTCE:BTCUSD   Bitcoin / Dollar
204 0 0
After a nice rally off the OTE             long sweet spot tag (609.16) price has moved aggressively higher. So much so, we entered the OTE             short zone (630.36 to 635.91). While not enough to justify a outright short, the OTE             short sweet spot tag was enough of a reason for me to cover long positions - so that is what I did. I shall wait patiently for both momentum and volume to put in bottoming patterns before considering getting back in. That may come in at higher levels but my hunch is we need to clean up a bit first. Indeed, I would love to see those turns come in at the current 15m OTE             long zone near the 617 area...

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