dewpoint

BTC - Perhaps lower we go

dewpoint Uppdaterad   
GEMINI:BTCUSD   Bitcoin
Please see chart, no trade here, just a matter of watch and wait
Kommentera:
Choppy price here, but my thoughts are that we're going lower, a break below the 4824 line, would be first hint of this, lower target is sub previous low of last week, and i'll be looking to possibly buy a corrective move back up, even if it's short lived (days). Price much however stay above the 3180 line or the previous low of last year, breaking that support by even one tick will mean much lower prices btc, how long could it go, who knows. Let's just wait and see, but i will be looking to buy any drop into that 3200 / 3400, but as long as price moves are in a way that would look like a recovery to higher pricing would be possible. I wouldn't try to short this or even attempt to buy on the current range, unless you know what your'e doing.
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