BTCUSD Short
BTC.
Don't trade it but love it's moves.
Most sentiment seems to be bullish on BTC.
I see things a little differently.
It appears to be ranging and could break down if the bulls don't pick up the pace.
1. It slipped out of the channel after a major run up before hitting the resistance line.
2. It violated the 50MA which has resulted in a sell off in the past.
3. I see a Descending triangle on the current movement.
Either way, it's a juggernaut and exciting to watch.
Don't trade it but love it's moves.
Most sentiment seems to be bullish on BTC.
I see things a little differently.
It appears to be ranging and could break down if the bulls don't pick up the pace.
1. It slipped out of the channel after a major run up before hitting the resistance line.
2. It violated the 50MA which has resulted in a sell off in the past.
3. I see a Descending triangle on the current movement.
Either way, it's a juggernaut and exciting to watch.
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