MoonTrader
Short

Price re-testing resistance on lower volume

BITSTAMP:BTCUSD   Bitcoin / Dollar
This is a pretty clear bearish signal. The volume has been steadily decreasing ever since we entered this upward channel. After being rejected at $333 on stamp, the price is re-testing resistance at that level on lower volume , signifying the possible beginning of a new downtrend that could lead us to my longer term target of $250-$260.

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