BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD not looking too great seems to be a important level here, a break down will probably see us to 8500-8400

We think there would need to be significant news/event in order to move upwards ( for any sustained period anyway ) until the two upper are broken.

Trade :
Short on break below
or
No trade, its not good long entry here, wait for lower
Comment: we have break down, daily close under 9000 will be a good sign for the short trade

Comments

Breaking down to that level will take us to a lower high which will be interesting.

Reply
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