ARESABI

BITCOIN - WHAT is going on? Updated Chart

ARESABI Diupdate   
BITSTAMP:BTCUSD   Bitcoin
This might have looked like a sell-off in the past hours, but we are still moving in our range and therefore we don't have a signal to either long or short now.

If we close below 9700 USD today, this whole situation will turn bearish in short-term. We will open a short position and eye the next major support zone to close our position.
If we are again consolidating above 9800 USD, we have a good chance of bouncing from the major support zone (orange)
and break the triangle to the upside.

Don't let this market fool you. Wait for clear signals!
I will update this idea accordingly.


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