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Bitcoin
Long

Want to short Bitcoin? Not so fast!

By BaltrunasK
Updated
BTCUSD is falling, but if you're thinking to short it not so fast. We got a double top around 13200 (when BTC got over 13800 that was a bit overly exited buyers). Now we are trading exactly at 50% Fibonacci, this is a decision making area, before BTC were stuck around 8000-9000 before breaking out. So if the bulls wants to take control they have to hold this level to continue the move higher. Technically chart shows normal asset behaviour. A good place to buy with tight stops.
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BTCBTCUSDbtcusdlongChart PatternsTrend AnalysisWave Analysis
BaltrunasK

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