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FXHighway

Bitcoin heads for more losses

Short
Bitcoin (BITSTAMP:BTCUSD)  
FXHighway  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Bitcoin (Cryptocurrency) BTC BTCUSD bitcoinprice
2
0
trendanalysis bitcoin btc btcusd bitcoinprice
Target: 2700
Risk: 3820

Technical reasons:

Bitcoin price continues to move around 3400.00, waiting for more decline supported by the exponential moving averages 50 and 100.
Our next target at 2700.00, and the continuation of the expected decline requires the consolidation below 3820.00.
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