proctrx

BTC Short in the Short Term

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COINBASE:BTCUSD   Bitcoin
BTC bounced off the Bollinger Bands without much life, and seem to be tracking back down. It crashed through S1 Pivot Point and S2 didnt hold. Shorting to around 7980 and then tracking, as we could be on our way down to 7750 region. Stoch indicator isn't looking particularly healthy, as conditions are not oversold and short term energy is floundering. BTC to continue its slow march down short term. Looking for a bounce off 7980ish, or perhaps 7750, though support lines will likely form resistance making the climb back a difficult one.

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