BTC Short areas 3900-4100, stop loss 4250

30 nov 2018

Hard rejection from resistance area of downtrend channel, and overbought RSI using period length of 2, and a spinning top candlestick indicating trend indecision. Mid term target is 2.6-3.3k in 1-2 weeks. Market is still not yet totally capitulated and we can definitely bleed more.Institutions want to accumulate bitcoin at 1-3k before a hyper bull run begins