BitcoinShort
Short BTC at ~$7050 (Bitstamp)
Lots of intuition and past 2014 breakdown tell me to short at 7050. Will see...
Forecast today: going short at 7050... in 2014 it also was rejected at 20 MA on daily - I couldn't ask for a more perfect storm - and 23.6% fib to match up with 2014. If it breaks above then next red area of ascending pennant trendline. If breaks above that, great - we may be in larger consolidation trading range.
Resistance at $7050:
1. 20 MA daily
2. previous 7050 low
3. 23.6% fib retracement from 10k move down
Forecast today: going short at 7050... in 2014 it also was rejected at 20 MA on daily - I couldn't ask for a more perfect storm - and 23.6% fib to match up with 2014. If it breaks above then next red area of ascending pennant trendline. If breaks above that, great - we may be in larger consolidation trading range.
Resistance at $7050:
1. 20 MA daily
2. previous 7050 low
3. 23.6% fib retracement from 10k move down
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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.