wait wait wait the slide is not over despite the uptick

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
As both EMAs point downward there is more downward pressure to come. While the long tail of the last days candle stick shows bullishness the people that have bought between $15500 and above cant wait to recoup their losses and they will be sellers(if they have any sanity left in them). Now, the Bollinger bands are on a huge expansion and until they squeeze to the next consolidation level we get one of the same. I did check many time frames and the story does not look good. I do favor the day frame. However I do place small trades here and there using the 5 min frame. No long positions in this madness whatsoever...


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