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RE: BTFD?

in #btc7 years ago (edited)

BTCUSD-BitFinex-Weekly-Chart-May-17-2018.png
(daily)
like the weekly chart,btc prices are still trading inside a range but with a bearish skew.those lower lows and most importantly the reaction from 6000.that is important my attention is May 11 candle.trade volumes are high relative to previous days and there is a mid-range push below 10000-a region of minor support. follow through bull candlesticks have been short on volumes. On may15 we saw relatively high volumes confirming the bear pin bar at $9000.
aggressive traders can short now while aiming for 7800 and $6600.on the other hand conservatives can stay out of this trade and watch till prices are out of this consolidation.

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I am putting both long term view on the table, it is up to you to decide.