djmitchb

BTCUSD

Short
BITFINEX:BTCUSD   Bitcoin
There is little doubt that BTC will return to fair value on MA levels, it is below the Hourly/4H/Daily 50/100/200 Ma's. It is below the 50MA on weekly and only the 100 at $4500 and the 200MA weekly at $2450 Stand in the way, as in any chart eventually the trend will revisit these averages, BTC will be no different, only question is how long, I imagine the next drops could be much faster than the last. When it goes there it will probably feel like the end of bitcoin but that will be a great buying opportunity.
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