ViradJain

Decision Time

Kort
ViradJain Uppdaterad   
BITFINEX:BTCUSD   Bitcoin
The price is in a interesting area. Make or Break for this extended bull trend.

In my opinion bitcoin should accumulate in the region between 11800 to 10800 before breaking upwards again to challenge the ATH.
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When the exchanges dont give you the whole number 11800 to short. I usually means the wont let you load up shorts before the massacre. :)
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If price remains below 11720 for the next 12 HRS then we are definitely going down.
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Volumes are a worry as well. In my experience a sudden Volume break is generally bearish on key resistance, especially on a weekend preceded by continuous weekend pumping.
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going down :)
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Drop will come hard. atleast 7k-10k btc dump on bitfinex
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Bitcoin playing games. Double top forming now.

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