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BTC/USD - Hop on, Bears!
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Yep, we went to 8,100, just as predicted in my last post. Pretty much spot on. Anyways, as you can see in the chart, all indicators show we're heading down. This last mini rally we had over the last week, which brought us very close to breach the 9,000 mark, proved to be a gigantic bull trap, and there's really no reason we shouldn't fall to the 7,000 range like we did 02 weeks ago. Fundamentals are the same - they're shit: big players looking to exit the market, no real institutional interest yet, regulation uncertainty...
Also notice how the last dumps have really high volume when compared to recent pumps. Sell pressure is real.
This is starting to look more and more like 2014.
Shorting here is still standard, with a first target of 7,700.
Given we're currently oversold, we could see a dead cat bounce to the 8,300 range, but, by the way things are going, we might not even see the 8,200 range again before dumping.
Stop-loss should be loose, at least in the 8,400 range.
Also notice how the last dumps have really high volume when compared to recent pumps. Sell pressure is real.
This is starting to look more and more like 2014.
Shorting here is still standard, with a first target of 7,700.
Given we're currently oversold, we could see a dead cat bounce to the 8,300 range, but, by the way things are going, we might not even see the 8,200 range again before dumping.
Stop-loss should be loose, at least in the 8,400 range.
Trade ativo
Hope none of you fell for the obvious bulltrap.
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