Behzadin

DON`T BE A WICK ON THE CHART!!!

Short
BITSTAMP:BTCUSD   Bitcoin
As in my previous chart i have said that we were going to 13.2 k levels which has shown to be accurate. I believe this rally is coming to its end by the end of this week or early next week. But this is BTC it could keep rising, but the risk is way higher than the reward. If wee look at any RSI on any of time frames we will see there is no reasoning in entering a position in BTC. We could also see that fib levels are perfectly aligning EMAs. As always it is just a thought , not an advice.

Previous Analysis:
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