thisismatt

Bitcoin is an easy short target 5300

Short
thisismatt Updated   
BITFINEX:BTCUSD   Bitcoin
Hello and welcome to my idea. There are major bearish signs that despite the small bounce off of 5800 we WILL go lower. The bearish PSAR break on the weekly last night was devastating to any bullish hopes and while we are going up short term any price from here is an easy short. Target 5300 and really long term we are probably looking at 2880 but that is quite a ways down the road.
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I personally think there will be a double top at 6180 short opportunity. It will probably fall quickly after that.
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6175 is close enough for my taste. Nobody should lose sleep over 5 points. Short on.

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