maxvinculum

maxvinculum

We are still in a very bearish environment. There is no more fresh money coming in this market (remember that wise investors are risk averse, investors ARE NOT TRADERS) well simply because BTC's rate is still outrageously high even though it has lost near 70% of its value since its peak in december and the currency is far too volatile. bad news, fud, hacking,...

maxvinculum Updated 

This is a short position which has a good chance to be successful (70%). the trending channel showing clearly BTC's price should continue its way down with a lower high which should hit the red triangle's area in the next 12hr or so. Note that the red area is just in line with the next resistance at 10151. Rational longs from the bouncing up on lower diagonal's...