vlad.adrian
Short

BTCUSD - Finally breaking down

BITSTAMP:BTCUSD   Bitcoin / Dollar
654 4 9
I outlined a while back that I believe BTC is going down to the last swing low. My timing was not good, but my bias still stands today, as there was no bullish reversal in my opinion. Finally the chart started breaking down and the impulse turned red. Please see the older chart for further explanations.
And this time I agree with you. We had a kiss of death with the 100 day EMA which is very bearish, after being above it for a few days already.
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I think you're being aggressive. The trend is now bullish on the daily. You're going to have support at 240.
+2 Reply
Trend is also bullish on the weekly.
Reply
The trend is not bearish, but bullish: only the fear about Evolution market's coin dumping caused the short-term downwards trend.
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