hbayatne

Watch for these levels on BTC for a breakdown or a pump up

Short
BITSTAMP:BTCUSD   Bitcoin
We hope you practiced some risk management for the last big BTC move, but here is your chance to protect yourselves again. It is safe to say the Bull Market run is over. The best we can hope for now is a few pumps to help us get out of some over-leveraged positions. None of this is financial advice and please understand that we are a neutral party. Not a Bull and Not a Bear, just calling the charts how we see them. If we get support over 45K on the 4 hour, look for a bit of a pump, but it is highly unlikely. If we stay in the lower channels with the RSI continuing bearish divergence, next price target in the 41K range and much further to go from there. We do expect some minor correction pumps up before continuing down, but the overall bearish dumps have begun. Please do your own research and do not make any investments you have not researched on your own. Happy Trading!!!
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