Since my last publication on March 9, BTC dropped low enough to trigger my entry at 7736 on 3/14. I sold that for a small profit yesterday, and as the price continued lower, we have a right shoulder to a head and shoulders pattern. A head and shoulders would look alot better at the end of an uptrend, but on the 3 hour, at this location, I believe it still tells a lot about the sentiment around bitcoin and it's short term future. There are also several bear flags over this time and not much to be bullish about. I took my higher 3 buy prices off, and am only keeping the 6818, 6260, and 5884 prices for now. Even if we get another bounce, the chart points to BTC going lower yet.
-Travis
JMJ - UIOGD
-Travis
JMJ - UIOGD
