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BTC_Daily.Pips
Aug 4, 2014 5:55 PM

Shorting here Short

Bitcoin / U.S. dollarBitstamp

Description

around 600 is very high resistance and fits well under the trend. Propbably will make a divergence at the top.
Comments
OmgImTrader
great! let's short this shit!
BitcoinGuru
good call
BitcoinGuru
so pissed we were going to touch 600 but someone set a sell of 400BTC i think around 593 on Stamp and ruined it. Then now started to go downhill. Exited out at 590 with still a nice profit now putting this buy somewhere at 520. just too bad was aiming to sell at 597.
BTC_Daily.Pips
oh yeah, was also targeting there, still not shorting yet, waiting for a next opportunity, looking for a trade on resistance or breaking a support after it will try to retest :)
BitcoinGuru
yeh looks like it still wants to touch 600 lol. oh well ill just wait and watch for 10$+- not sure if it worths it for me. unless it goes down quickly to 582-583 then bounces back to 600 than i might be tempted to buy in. anyways hope ull get it
BTC_Daily.Pips
Yeah, also thinking to short near to 590 , looking for overbought or divergences on oscilators. could look like this: tradingview.com/v/216oIgjM/
BitcoinGuru
Thinking of rebuying in at 555-560 as we might attempt to retest the top of the descending triangle 595-600 before falling down to 520-440 range
BTC_Daily.Pips
was thinking the same, it is going to be a support again, but the resistance may be 580 this time, afterwards retesting 560 again, which may fail than
HerSerenity
Make sure to stick to your stops if you did
BTC_Daily.Pips
It didn't reach to my shorting target
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