gleon3505

Dead Cat Jump- Short Term Analysis.

BITFINEX:BTCUSD   Bitcoin
The 30 minute chart MACD is indicating a reversal is coming. The same could be said about the Stochastic RSI. I identified a triangle pattern that also seems to indicate a reversal to about 6575, considering fib .68. I also want to mention that I looked at the short interest and it supports my view. For how penetrating the reversal will be, I am not sure about it yet. There is too much going on, especially, with the ProShares decision on Thursday.
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