MrJozza
Short

Bear market confirmed

BITSTAMP:BTCUSD   Bitcoin / Dollar
237 3 1
Parabola indicates general market trend. Deviation in 1 sucker rally then significant deviation before being shut down by Houbi activity. Price conforms to level prior without rally. RSI oversold but OBV indicates an increased bear intensity gradient. If a short position has not been taken yet, recommend holding funds. Below 500 USD, price has little support.
I don't like this chart. To the moon only right now while I'm stuck in my long.. then, when I go 100% USD.. we can crash to $0. It is allowed.
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Thanks Jozza
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Target was met. Unfortunately I called the low a day too early. Caution folks, after a prolonged period in the bear market, traders can trip over themselves should a rally present itself.
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