MaryJane
Short

Is it time now to short that beast?

BITSTAMP:BTCUSD   Bitcoin / Dollar
318 0 26
The last 3 tradingsessions were awesome and really crazy! Today, we are trading the second day out of the Bollinger Bands , and at the Moment we are trading a bit above the key and Pivot resistance at 682. I am not a friend from anticyclical investing, but for you guys who love trading against the trend, a shortposition is thinkable.
example: Position entry at the actual Level @ 695$ , SL adjusted to your individual money Management, first possible TakeProfit = 38,2 fibo retracement of the big buying wave @ 595 (midterm TP) or the shortterm TP @ the 38,2 fibo of the youngest move at 650$

snapshot

Good luck

Here is the Long Analysis
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