altcoinbonanza
Short

Just closed my triangle short position at a nice small profit.

BITFINEX:BTCUSD   Bitcoin / Dollar
67 0 0
This was a call I made based on Bitcoin's high and just shy of reaching this resistance line that seems to be an impenetrable point but we know it will just be a matter of time. But for now this short inside this Triangle was a great play for me.

Entered a short at $256.85 and closed at $252.23. Notice how Bitcoin followed the trendline here and broke the support. We may see more selling possibly here because this is a nice high for Bitcoin and profit being taken now. The news hype is over for now.
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