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BTCUSD In A Pullback Top

BITSTAMP:BTCUSD   比特幣 / 美元
606 4 11
May 30 2017

Good day to everyone,

We posted a few updates last week for Bitcoin             and highlighted a reversal to lower levels. So far there was a nice deep pullback which we firstly thought it may come to an end soon, but after reviewing daily and intraday structure, we think that there can be more weakness or at least sideways price action within current environment. We see wave four which based on time compared to wave 2 may not be over yet. Also bounce on intraday chart from 1840 did not convince me so be careful with this ongoing "bubble". But after all.. what is a market bubble? For me it's something that has to do with "crowd psychology". But if everyone things its a "bubble" then this bubble may not be over yet. Markets normally breaks when its least expected...
Grega

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A bit optimistic
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Korora GoatUser
@GoatUser, hahaha yes yes
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@GoatUser, boom
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Korora jonathan.nadeau
@jonathan.nadeau, boom boom
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