Bitcoin volume decreasing, short price fall imminent Short

Bitcoin / DollarBitfinex

Description

⋅ May 6, 2015 4:02 PM

The Bitcoin trading volume is decreasing and the price is slowly sliding lower and lower. I expect a short drop into support before the rally can finally continue..

Short entry: $235
Stop loss: $237.5
Profit target: $227

// UPDATE: I also made a 4 hour VWAP chart:

Comments

JupiterFlynn

⋅ May 6, 2015 4:18 PM

Great insight, I do agree with this.