15/06/2014 maybe is time to short again

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
a short made under 600 for a low retest still can happen, all the leverage positions needs to be closed
today has to close UP or else the shorts will be in control, but most likely it will close up because the big boys did buy at the exact lows to stop the selling.
ChrisSavoie EliteTrader101
haha well I've gotta say I have a much easier time predicting FUD than predicting gains.
The low volume test is telling me that price wants to go up to 650 level. The high volume came in on the very bottom of this absorption pin so Institutions had resting buy orders right on the lows and will push it to 650 or higher to take profits. Big boys always buy low on panic selling and sell high, but they need a breakout to attract buyers so they can sell into the buying.
ChrisSavoie EliteTrader101
Thanks for that reminder. I'm going to set a new stop loss for this short I think.
ChrisSavoie ChrisSavoie
Closed it just to be safe and managed to finally snag a green one today.
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