BTC Bearish

٢٩ نوفمبر ٢٠١٧

BTC needs a pullback to atleast 5k. We have important level of 8200 at 21 day , 6880 50 day. My target is 4.5k, which is where 200 MA is. Pure technical analysis not personal feelings. Once BTC futures launches, I am expecting big drop as Wall Street will take advantage of the volatility and short it to around 200 MA. Remember BTC increased 1100+% within a year and looks very oversold here. Markets drop faster than gain which will be the beauty of BTC. Good luck