Bitcoin correction
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
My previous analysis was not much of a help, because it didn’t contain exact numbers about where to sell short. This time I try to be more precise.
Bitcoin is having a correction after the last two weeks’ fall, but I still don’t think this is the beginning of a bull run. My plan is to sell short at the 20 day SMA or higher. The ascending macro channel support (38-40k at the moment) is getting weaker as price ascends and if bitcoin can’t bounce away from it, it is going to break eventually.
