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Mihai_Iacob

Bitcoin- I'm a short seller at 55k

Short
Bitcoin (BITSTAMP:BTCUSD)  
Mihai_Iacob  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) BTCUSD BTC bitcoinforecast bitcoinprice btcusdshort btcusdforecast bitcointrading bitcoinusd
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trendanalysis chartpattern indicator bitcoin btcusd btc bitcoinforecast bitcoinprice btcusdshort btcusdforecast bitcointrading bitcoinusd
There have been 2 days of great volatility for Bitcoin with the price ranging around 20%
Now the price stopped falling in 45k support and is rebounding and trading around 50k zone
In my opinion, bulls are not out of the woods yet and a new leg down is probable in the next few days
That being said I'm a short seller around 55k with a target of 42k
On the other hand, a break above 55k would signal that the correction is over and bitcoin could accelerate its gains above 60k
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