Bitcoin Short (Updated Chart)

Given the lack of exuberance I expected to see at rally Point A when the stops would be hit I felt the need to re-examine the chart and make updates.

Blow you will see how the trend, although slowed, is still in place with Bitcoin under the new resistance. The overall pattern I have drawn will remain for now.

Barring a exuberance on price rally my outlook remains short the the MEAN TARGET area.

Yorum:

My apologies for the typos. The red line below MEAN PRICE TARGET is the "Overshoot" area.