lumitiv

BTCUSD BITFINEX - Weekly Time Frame Correction

Short
BITFINEX:BTCUSD   Bitcoin
There's a lot of bullish charts being posted and people talking about how things are about to turn around.... well, I'm just not so sure about that. Looking at the weekly BB we can see that when BTC wants to go for a dive, it certainly likes to head for the median of the bands. I have no reason to suspect we wont see the same dump ratio here of 40% from the blow off top. Pull your socks up.

Looking to transition out of shorts around 5k and start building long position down through wicks.

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