leToasterino

You've just been Bitcoined

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
LUL
Comment: to be real though, this has happened multiple times over last few weeks -- chop city... ALMOST every time we consolidate at a major support, we rally just a little bit. the measured move provides a target that is never reached due to the overall bearish sentiment.

it's on the Bulls to change the trend, until then i would wait for very strong support zones to think about going long / short interim bounces.
Comment: to clarify -- major support at say for example the last rally from 8250 up to 9000, this move should have pushed up to at least 9.2k but people seem to be front running to get out early.

i personally don't short, but if i did i would be looking to do so around resistance of each rally (ex. 8.7k)
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