Sawcruhteez

BTC:USD 1 hour chart DAILY UPDATE (day 19)

Short
BITSTAMP:BTCUSD   Bitcoin
Yesterday I was happily surprised by the rally, then I drew an arrow to $10,000 after we turned resistance into support. Getting shot down before that is bearish. We should get a bounce off of the dragonfly doji at support, but I do not expect it to go far. I am watching for resistance to form below $9,500 and that would provide a good entry for a short. The target would be $8,850 with a stop set at $9,775.

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