BTC/USD – Failed Recovery?- Forecasting more pain for BTC –
Bitcoin / Dollar BITFINEX:BTCUSD
Expecting further retrace.
30K entry target remains in play.
Shouldn’t matter whether we see red or green by days end, both options should find their way to the same place by EOM .
Caution advised on all positions.
Personally I believe we need to dip further before we can effectively bounce back.
Small upshot- (if at all) over next 48hrs should be rejected.
* A break back above the recovery line could indicate a change in momentum however this seems highly unlikely – (be watching for it regardless)
As always, not financial advice,
Just my thoughts and TA.
Thoughts and feedback welcomed.
Bingaz.
