Cocococo2

Emotions,Emotions, Emotions

Short
BITSTAMP:BTCUSD   Bitcoin
As previously stated in my last post, The 30k support is getting weaker. Which ended up breaking, sending BTC to a daily low of 28,800. Which was my swing range. Causing BTC to break down out of the bear flag briefly then back up to a previous support of 34,500. Which is now resistance. If 34,500 is broken and cleared it would take BTC out of the descending channel it is in, to the top of the bear flag. Which is the 38 range. If BTC breaks down from here I’d expect it to test 28 again, possibly 26. With many indicators turned bearish my moneys on low ranges. BTC’s good at sending false signals I will await the next good trade setup.
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