Do you really want to be short here?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This is a beautiful weekly candle if the bulls can close it. Should get a nice run into the $10K region AT LEAST. The bottom may not be in yet, but we are getting close, IMO ...
Trade closed: stop reached: Got rejected at 200 day MA and 90 period MA on 4 he chart...not looking so hot, let's wait this out on the sidelines and see if we can close the week above $7906.

Good luck!
Comment: This trade will become active if we close the week above $7906. Still super sketchy, but hey, that's what traders do, we get paid to take calculated risks.
Comment: So far, so good...Bias is STILL to the upside for the moment, but we could see some fireworks either way in this $11.5K area. Either way will create some MONSTER trading opportunities so, BE READY.
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