Which way will Bitcoin breakout?!
Updated
As many of us wait for BTC to sky rocket, many others are skeptical of this being the actual case. While it is possible to continue in bullish momentum from the zone we are currently stuck in, I also see another possible scenario playing out. We may see an entry for a short to retrace the .618 & .5 area where i will be looking for buy opportunities back to the upside in the 13000 to 16000 areas.
Note
Bitcoin broke out to the downside when many were banking on it to continue rising, Activating my sell stop. We still have 2 major gaps that bitcoin has yet to fill in the $8400 area and the $10800 on BTC CME FUTURES chart. Will we see both areas in this short? Guess we will have to wait and see!
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