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Btcshorts

MAJOR REVERSAL INCOMING Looking at the 3 months chart which should expire by month end. We are seeing BTC heading for a major reversal to bear season which will last for many months (if not a year). We can also see the MACDs are about to have a death (bearish) cross, though it has not happened but it's good to keep our eyes on it. Personally I don't think this is a good time to start buying the deep until we see a golden cross on the MACD. Follow me for recommendations that will outperform this bear market.
BITSTAMP:BTCUSDShort
by blacklegend55
BTC looks like bearish this weekendThis week BTC lokal price reached the high of 35500 and couldn't breake the downtrend line. This local high now looks more like a bounce from last deep. Today is the date of futures experations on CME. We think that this bounce was made specially for big capital to come out as profitable as possible. Scalper Season analytics have an idea that BTC sale is still not over. We can see new serious support level at 28500, so BTC can easilly retest 31000-29000 in few days. Next week will be very important for bulls. If there will be not enough buying interest, local downtrend will continue.
Short
by Scalper_Season
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