cerncris

BTC Bearish Behavior

Short
BITFINEX:BTCUSD   Bitcoin
Little support was established on the daily timeframe across all exchanges for BTC within the range of 3000-4000 with the small exception of early consolidation at the 3300 range. 3300 area serves as a good bounce opportunity whereas 3000 could serve as an excellent long term buy opportunity.

This assumes bear market and continued downtrend. See my wave analysis/logchart for further support of the bear market. Disclaimer: I am short from the top.
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