For all of you Bitcoin
traders. Price just hit a weekly supply zone
at 500.00. Its a big psychological price point as well. I would wait for a double top
at 490 even before going short. There is some RSI
divergence on the 60 minute chart. You can take multiple targets on the way down. I would look at 400.00, 333.00, and 285.00. You should trail your stop with this trade. There seems to be a lot of 'irrational exuberance' if you will, driving bitcoin
up lately. I do believe over time it will go much higher. However, price is saying it is over heated. Good luck trading out there.