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RE: LONG Bitcoin! This is what it will take !

in #life7 years ago

I did not catch the bottom but still waiting to short a good resitance lv and play the retrace. That breakout of 8250 wasnt that violent as i expected. But to be bulish we still have much more resitances to break the way up . 8400 8500 8800 would be my targets. The 2014 fractal is discarded IMO. Looking at the charts, it looks more like a whale battle. SHORT Vs Long ratio is flat .On the side down if we dont manage to break 8400 8500 i think rejection could be harsh to 7700 7500. Im not uberbulish long term because were are still in a beartrend till confirmed the opposite. Short term we could see some bulish momentum if we break 8400 but its grinding slowly. Time will tell how this ome plays out.