I consider adding to short position at this level if price doesn't rebound quickly from this $8,650. This looks like it's going to go deeper. My current short-term price target is 8.3 - 8k.
Further bearish speculation. The Mt.Gox Address by Kobayashi just moved 7,000 BTC to Bittrex. Take what you will from it, but to be safe I definitely wouldn't go long right now.
Source: bitinfocharts.com/bi...WTrpQGaU3EPdZF7MTdUk
Further bearish speculation. The Mt.Gox Address by Kobayashi just moved 7,000 BTC to Bittrex. Take what you will from it, but to be safe I definitely wouldn't go long right now.
Source: bitinfocharts.com/bi...WTrpQGaU3EPdZF7MTdUk
Trade active:
I am still leaning towards further downside but it could bounce a little from here as well; which is why it's not such a bad idea to scaled part of your position out at the current price of $8,425. You can always reenter position on the a bounce.
Trade closed: stop reached:
Close remaining short @ current price of $8090 and wait for bounce.