dRends35

BITCOIN - Short at POC

Short
dRends35 Updated   
BITSTAMP:BTCUSD   Bitcoin
BTC regressive structure becoming a bit unclear here with a bounce shy of the lower pennant trendline. BTC and alts may gravitate towards their POCs in indecision. Will stagger into a short position if price returns to this area around 38K in BTC and ETH.
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Not advice.
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I'm laddering in here at 37K.
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Shooting star wicks into POC. GOod chance this is the top.

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Price is piercing through again, but it won't be for long. This is what can be called; a liquidity fake-out. Trend-based fib time 1:1 coming up may well find the top.

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