Grand Bitcoin Weekend Selloff
Bitcoin has a weird tendency to sell off during some point during the weekends for whatever reason...
Just hit a 1.236 ratio from the last major move. The last few 4 hr candles appear to be setting up for a quick down move.
It will probably quickly reach support around the 50 SMA and push upwards to the old high
Risky Trade Idea: Short bitcoin to the 50sma ($17,200 area?) with a fairly tight stop and then BTFD to the new high
Just hit a 1.236 ratio from the last major move. The last few 4 hr candles appear to be setting up for a quick down move.
It will probably quickly reach support around the 50 SMA and push upwards to the old high
Risky Trade Idea: Short bitcoin to the 50sma ($17,200 area?) with a fairly tight stop and then BTFD to the new high
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