Took a short position @702. and have a stop loss currently @697 after we get to first target stop loss will be moved accordingly. depending on momentum i may move stop losses down to 10500 after we get below 10k
Looking like this could be a Bearish Rising wedge. Looks like those that have been trapped in the 12k ranges may get a chance to get out before we move down again.
looking @ shorts between 11500-12k
going bullish @10800-10750 till we reach target zones for the bear case up top again.
Looking at the BTC pull back recently I noticed a very nice Inverted H&S pattern forming. We tested the neck line then pulled back to the support of the left shoulder. If this breaks the neck line I think it could be a very nice run up. With the chinese new year over, Korean volume back in play, Segwit2 lower BTC fees and transaction times, and the adoption of...