I feel that bitcoin needs to correct further to be more attractive. $7000 and $6600 would seem to me as potential targets. If bitcoin stops there, then we should see it continue the uptrend.
The chart is my personal trading idea. Trade at your own risk.
Great Setup following you now :) , I have a short position running on BTCUSD right now what do you think?
davec83
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@DACapitalTrading, I still feel that it needs to correct further, but bitcoin is holding pretty well. We need to see some panic moves to be sure. I'm out of the market until I'm sure about its direction.