informedtrades
Short

Bitcoin Strugging At 50 SMA and 200 EMA

BITSTAMP:BTCUSD   Bitcoin / Dollar
215 0 1
A doji candlestick pattern at a confluence level marked by previously established resistance, the 50 SMA , and the 200 EMA. Short at 538, stop at 600, target profit 400 at least. I'm not in this trade as I'm not a BTC trader -- and I'll most likely be participating in it from the long side if I ever do -- but I am watching price action and journaling my thoughts to get a feel for it.
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