Vatis
Short

Down to 200 USD

BITSTAMP:BTCUSD   Bitcoin / Dollar
Target: 200 USD
SL: 260 USD

It seems, that we can observe the third bat formation here. The both ones were successful for me and helped me with recovering from MT Gox loss. Let's see, what will happen this time.

Indicators:
Stoch RSI clearly overbought.
With Coinbase beginning NYSE-regulated trading today so all the institutional investors can start getting in? Don't bet on it.
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Vatis rivet.popper
I have not considered the fundamental ;-) I will publish the update in few days. Thanks for the feedback!
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