The trend and TA speak for itself....we are NOT looking bullish here. We need another spike down to find more buying power (OR) we spike down to find NO buying power and push lower.
The uneasy sentiment produced by latest regulations have really put a dark cloud over BTC. Investors don't seem to be rushing to buy since Historical Analysis practices are continually failing.
I dont think we will see any exciting movement until the drama around Mt. Gox and USDT Tether is wrapped up.
Be safe! Be smart!
Trade, Dont Gamble! Good Luck!
Note
We are on our way to projected target. Hope all your Shorts are paying off =)
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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.