Bitcoin weekly, relax until late July

2018年6月27日

I think we have some time before any big moves are made. Volume is pathetic and the price action is downright boring. It looks like we could break down to the next handle around 5k-5.5k, I have bids scattered around in this zone. It's a confluence point of a possible confirmation of the longer-term trend, the 786 fib level from the run-up since last spring and a level of horizontal support. If we fail in here, it's headed to the 3k area and I can't imagine we'd see it go any lower than that. I'm hanging tight, putting some stink-bids in and watching the weekly...I can't handle the day to day stuff anymore. I'll be back on the hourly/daily when we get a fat green candle with some volume. Until then, it's time for a few brewskis