Bitstamp cocked and loaded…well that’s the wrong visual but you get the idea. Sitting in the don’t touch me box for now but should exit soon.
Bullish Scenario – we break back above 645 and look for long setups on 1hr time frames or less. 1st stop level would be 633 ish & looking for a a retest of the high 710.
Bearish Scenario – We take out 610 and all the late buyers remaining in the parabolic spike to 710 dump with stops being triggered and we have a rapid decline to 570’s and possibly 550s.
I never get too far ahead. As market price action develops I will re-access but this is the picture as it stands right now. GL
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