TradeDayOnline

Pt 3 - Bitcoin bulls are losing the fight

Short
TradeDayOnline Updated   
BITSTAMP:BTCUSD   Bitcoin
Bitcoin has lost strength to break through the heavy resistance levels. I think bulls will attempt to retest the resistance levels again but bears may come crushing down next time..

The target for this strategy plan is the important support level around 6600.

If you want to go aggressive SELL now or wait for the price to hit around 9500 for a better R:R ratio.

Good Luck and trade responsibly!
Comment:
Support trend-line is broken, everything is going according to plan.
Trade closed: target reached:
Target reached 3 out of 3 - 100% accuracy in bitcoin!
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