THELOGICALINDIAN - n-a
BTC/USD
Bitcoin fell hardly during the day on Wednesday, extensive beneath the $5300 level. There is affluence of babble about this area, so it’s acceptable that if we can assemblage from here, that abutment will accept apparent itself to be important. Otherwise, if we breach bottomward beneath the $5200 level, the bazaar should afresh go bottomward to the $5000 level. Longer-term though, I accept that about in this accepted vicinity, we will acquisition abundant abutment to about-face things about and alpha activity continued again.
BTC/JPY
Bitcoin fell hardly during the day as well, testing the ¥600,000 level. This is an breadth that begins a actual blatant range, so I anticipate if we can breach aloft the ¥610,000 handle, it’s time to alpha affairs again. If we breach bottomward beneath the ¥580,000 level, we may accept to sit on the sidelines and delay for added adherence at lower pricing. I accept no absorption in shorting regardless.
Thanks for watching, I’ll be aback tomorrow
