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PlayDefence
Apr 8, 2015 4:47 PM

Added Short Term Trend Line Short

Bitcoin / U.S. dollarBitstamp

Description

I tried to draw my own trend line, don't know if it's valid or not. Anyway, I drew it with my best. Newbie's idea, if price cant break above $250 within 24 hours, I think it worths to short below $250, target $236~230 area. If price break above $250, pay attention to potential double top at ~$260, then short below $260 target $236~230 area.

Trend line knowledge is based on babypips.com/school/elementary/support-and-resistance-levels/trend-lines.html.
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