Trade_Wolf

Bitcoin 4Hr Chart - Short Term Direction

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BITSTAMP:BTCUSD   比特幣
Not seeing the strenght by BTC to continue above $24 - 25k, market still seems uncertain with short burst pumps, fakeouts and low volume. Retail traders afraid to make the move and Whales are just patiently waiting for us to take the Bait. I have a short term Bullish scenario playing out but the push isn't quite there yet. I'm seeing a possible touch/break above $25k then another drop back to previous lows working its way to $19 - $17k range. If this plays out much retail confidence will be lost and this would in turn drive BTC down to $13 - $14k range where we will see consolidation for a few years before the next leg up to retest ATH ($69k).

Good luck to all and ONLY invest what you are willing to lose :)

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