TheCryptAlpha

BTC Next Steps

Corto
BITFINEX:BTCUSD   Bitcoin
The Bitcoin pump was fun, lots of money to be made, but as all good things sometimes have to come to an end. The market has given us a relief rally that eventually needs to pull back, further deciding on how deep we will pull back. We must now hedge against our positions, or sell to buy back at a later time. Lets not forget we are still in a bear market. The next time we pull back will be the correct area where we can consider long positions.

Short @$4350
Target $3760

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