Short position on BTC doing well. It dropped right out of the consolidation box to the next level of support around 6200. I'm still expecting a bit more of a drop down to the 6000 range before we see some movement back up to complete a large inverse head & shoulders.
At this level it will meet up with a weekly support and long term weekly uptrend line which should provide some strong support.
Looking for an entry below 6100.
At this level it will meet up with a weekly support and long term weekly uptrend line which should provide some strong support.
Looking for an entry below 6100.