BITCOIN Trading Idea

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Price broke MA100 and the up trend was over. It's time to think about short trades because we have following arguments for this:
- MA20 and MA50 fall and show down trend
- DMI confirms down movement and trend conditions
- RSI confirmed price reversal from MA20
- MACD gave a signal for opening short trades
Place a pending order below 564 and stop above 587. Profit target is near the support level 500. Short trades can be opened using hourly and daily charts . Don't forget to follow your money management rules.
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