BTC/USD - Sell/Short @ 1,650 & Buy/Go Long'er' above 2,050/2,250

16 Jul 2017

Added to my long BTC position at exactly 1,800; bounced back toward 1,900 level.

1,650 is BTC's next strong support level, if it breaks, it's a LOOONNGGG way down so be careful.
Watch the 2,050 level as near-term resistance, a break above that level (then the next resistance at 2,250) may force me to revisit my near-term bearish sentiment. Ultimately, I'm looking for BTC/USD to power through 2,500 before I could consider becoming bullish again (August 1st events aside; i.e. - just looking at technicals)

I'm sure we'll have numerous bounces here, so be mindful of bull traps - lower highs, failing at the next resistance level of 2,050..