MarketAlly

Bitcoin at a pivotal intersection

BITSTAMP:BTCUSD   Bitcoin / Dollar
I am neutral as I wait to see if 443 holds but would not go short unless 400 confirms the breakdown. The Green channel is where I am watching with a greater than 65% probability a short squeeze occurs into 617 area in short order. If we get a quick rise, I would only look to add shorts at 710-720 area, looking for wicks. One could short the initial 617 price target but I would take profits in short order.

In either case, I am watching over the next couple days.
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