PropNotes

Bitcoin's Price Structure Looks Like Garbage

Short
BITSTAMP:BTCUSD   Bitcoin
The chart really speaks for itself here. Even though we have bounced off of the recent lows, the trending price structure is now cracked. This will likely lead to chop / downside for the near / medium future. I don't like it long from here. This isn't to say we won't see highs, but the daily chart momentum is over for the near term.

Cheers!

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