BTCUSD: Bitcoin -1.50% Monday Trade Points
Bitcoin -1.50% is still negative, dropping in stages and slowly breaking
bull hearts and messing with bear heads as it does so.
Once it broke the lower parallel here on Coinbase it was
expected to fall away to the 7162 line before bouncing again
towards 7200 before falling away again.
Overnight it came back to a low of 7167 before the bounce
back to 7200 after a counter-rally high at 7246.
It's so slow still.
Unless still short from higher up we now need to see a move
below 7162 line to trigger the next short back to the
6615-6517 range. It should then start to fall away in stages to
6955, then 6849 and finally to the target at 6615-6517 range.
Right now have no real interest in upside potential yet - but
stops on remaining shorts need to be left above 7252 for now.
More as the move develops - which may be slow - but is still
coming by the look of the chart at this point.
