DanLaffas
Short

BFX Daily Cypher Pattern forming

BITFINEX:BTCUSD   Bitcoin / Dollar
Looking for this downtrend to continue after retesting the 310 breakout area (if taking a short entry here, I'd place my stops above the last high at 340). The bears should have a little picnic around 200 to recharge their tanks before heading for the 90-135 zone where they should go into hibernation.
So it didn't quite make the 310 level, but an entry at 295-303 is good enough for me. Now we just manage the trade down to the low 200's. Good luck peeps :)
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