AmritB
Short

BTC falling again (Don't get mad, just short the market)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTC bear flag is in action! Will rise towards the strong downtrend resistance line (White), then fall back down to major support levels at 6690, which is incidentally also where the 500 EMA and Gann line is at so hoping for a strong rebound there. Get your shorts ready!
Aug 08
Comment:
BTC downwards trend could still fall to the next hard support of 6100-6200 and then rebound upwards. Suspecting two paths on how it could play out but we would need some time to see where it catches support. If you're still shorting; think about when to close the short and a soon buy in for long.


None of this is investment/financial advice.


BTC downwards trend could still fall to the next hard support of 6100-6200 and then rebound upwards. Suspecting two paths on how it could play out but we would need some time to see where it catches support. If you're still shorting; think about when to close the short and a soon buy in for long.


None of this is investment/financial advice.
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How do you suggest shorting BTC?
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AmritB losgarambullos
@losgarambullos, BITFINEX has BTCUSD shorts.
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