AntMwah
Short

Bitcoin $1512 / $1350 area to retest

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
143 views
1
Big sell off here on Friday created lots of long covering, however:
A) the sell off was late
B) exchanges are open 24h so all over the weekend & main market leveraged positions are not
Further selling this weekend (which is already taking place) will leed to more longs being blown when the main markets reopen on Sunday afternoon I believe.

We've not had a retest of the breakouts above the 100% or 127% Fib lines and I think these might come into play over the coming days.

Good short to take and also probably a fantastic reentry point for what will inevitably be the push up to $2000 which will follow.

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