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BIITT-COOO-NEEEEEEEEEEEEKTTLooking at the four hour ( 4HR ) on Bitcoin (BTCUSD). Its a tad sloppy, not the most perfect H&S pattern we have seen, but i do see potential in this playing out and taking us further down. Also, we haven't been able to get past the fib i have highlighted in my last charts. I am short. And as long as don't move past the key resistance area... Well, then I think I will be holding her for a tad bit. I don't plan on holding long term swing trades right now, which is what i mostly trade. But, low leverage day trades, not scalps, but 4-12 hour holds. Happy Trading!
BTC year in review brought to you by BitfinexMy view on why it took so long to dump. Market manipulation by Bitfinex, halting the collapse of BTC because of massive short positions on their exchange. Once the bears were tired of waiting and the market went long again the collapse began. Agree or disagree?
BTC history doomed to repeat itself?The fractal everyone is talking about. Could see something like this playing out but, not jumping on the bandwagon just yet.
BTCUSD
