Going to start a thread posting my own ideas and what is happening with BTC.


At the moment, I see a completion of a weak move up against the grain of the momentum indicators. Shorters probs want to set their trades around $432-$433, targetting low $420s and setting their stops up above $436. I would be astounded if BTC takes out the $435 high, without first correcting a good bit. Momentume looking very heavy, volume is increasingly anaemic.

I am currently short from $430, and won't be adjusting anything for the time being.