CrimsonBull

Bitcoin 12H Momentum play

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin             is currently consolidating after a sharp move down, I expect a lower retrace to test a proper support.

The scenarios I am looking at are currently 1 and 2. With 2 being more possible because of the recent wave of FUD and fear in the market.

I am covering myself with short, while playing the catch the bottom.

Currently relative time frames : 6H : 12H. Every other time frame needs consolidation before making more sense.
Comment: Currently bounced off the deceive support, looking now at mostly play number 1 to play out
Comment: Stop loss for play 1 is 8300-8200 area.
Big titties > Crypto kitties
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