I hate BTC , it blows. But, there's a nice opportunity to pick up a short, we are waiting for a close below 289.00's ideally to get a safe sport, and less aggressive traders can get their short at around 286.10's for more safety.
Some nice levels, and nice reactive levels we can use as a "Legend" If you will.
Let me also add, in my OWN opinion, the 34MA is really good for bitcoin . In my own experience, but i've left it off the chart. Add it to your chart and see how it works yourself.
Best of luck,
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We're in sync lately...Must be all that pair/ratio trading I'm doing I guess.
I was looking at the weekly and thinking, this is a short.
If you analyze the volume and time spent at each price level, you will see that this rally was a pump and dump operation, clearly, no followhthrough after going up (corrective structure in EW terms).