BTCUSD- SELL strategy
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
I am not committing to it as I feel it’s purely speculative and cannot see underlying reasons to either buy or sell it.
the technical picture starts looking like a SELL and I feel market is LONG and could be WRONG 🙂
Anyway, without kidding, the upper range seems protected $ 45,500 and unless we break convincingly that level, we may revisit higher $ 50Ks.
For now I see potential to the downside and $ 35,500 short-term is maybe possible.
