andypiggott

XBT - Strong Bullish Run but watch for this resistance

KRAKEN:BTCUSD   Bitcoin
Fantastic Bull run the past couple of days with some great trade setups. There is significant resistance coming up in the $8300 range and with the RSI and Stoch both being super-hot I think we're likely to see a rejection and some cooling off before taking another run at this area and working our way up to the 9k area.
I'm Bullish in the short-term but looking for a short-entry somewhere soon. I'll switch back to a long as soon as the short loses momentum.
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