Ionthas
Short

Short prediction 12/02/2014

BITSTAMP:BTCUSD   Bitcoin / Dollar
68 0 0
I will post this chart as an exercise.

I can see that the trend-line is bearish so I will short in a position between 50% and 63% following a Fibonacci retracement. The market is unpredictable so my short will start more closely at 63% than 50% at 666$.

Because all DoS attacks to exchangers the market is acting bearish so my target is at the last resistance level at 632$.
I don't think that this level will be broken on Bitstamp because they managed well the situation. Once the issue will be repaired the market will rise.
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