SemiQuant

BTC today

Short
SemiQuant Updated   
BITFINEX:BTCUSD   Bitcoin
Tough call here, mixed signals, but bear flag forming on the daily with a target of 7.8k.
Weekly also looking slight bear.
A drop below 8.2 would be uber-bearish and I will short all the shit coins on the retest (like ripple and eos).
Comment:
MA ribbon looking ready for a big move down on the daily.
Comment:
Comment:
target of 7.8 is also the .618 fib

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.