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Bitcoin - Nope, Not Time Yet

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forexbrokr.
@forexbrokr
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Direct from the desk of Dane Williams.



How about that Bitcoin, huh?

"I can't see any other scenario than this zone breaking out and price ripping higher."

- @forexbrokr: The day Bitcoin dumped $1000.

Good call, dipshit.

BTC/USD Daily:

For someone that wants Bitcoin to become a true store of value and act more as a safe-haven than a risk asset, the move is even more frustrating because it just follows the bad day on equities.

But take a look at where price currently sits on the 4 hourly as we head into the weekend:

BTC/USD 4 Hourly:

Doesn't look too bad, does it?

No lower low and looks like just a natural, small move off resistance.

Maybe I'm not that much of a dipshit after all.

Best of probabilities to you,

Dane.



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