bears fighting hard
Updated
after bitcoin's earlier rally to the witching hour when CME futures expired, the bears have come out in force and are pushing hard to try and get btc to re-enter its previous descending channel. watch for hard bounces for possible longs OR a significant break back into the channel for possible shorts (not financial advice, just a n00b thinking out loud).
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bulls are fighting back now; looks like they are pushing for completion of a bullish flag continuation of uptrendNote
bears may be completing a flag continuation pattern of the downtrend. look to see if we break the 0.618 fib. next stop after that will be the 0.5 fib line:Note
we now have a healthy break of the 0.618 fib line. look for an attempt to break back above it by the bulls; if it gets rejected it could be a good entry for a short, but that isn't financial advice unless you like n00bs telling you what to do.
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