XBTUSD: 4hr Mex Chart-That was fun and all, but dump incoming

8 feb 2019

Nice little run-up on BTC sent longs I had across the board well into profit, but I've sold most off already and opened a short on ETHUSD as well. This looks bearish to me, I'd rather see the big candle down for a bounce than this, which seems like a bull trap to me. Price right now is right at the same level it wicked to back in the red box before we dumped to $3100. I'm feeling like we'll repeat that scenario, and if we are lucky, we repeat the yellow box too, but sub 3k seems imminent, especially when you zoom out to weekly or monthly candles. Looking to flip short at $3680, and scale into it up to mid 3700s.