TheSleepyTrader
Short

Bitstamp to $570 - 600 by Thursday

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
124 0 0
Descriptions are on the chart, but I I think we are heading a lot lower on Bitstamp .

Price has dropped through the 200 MA on 4 hour ticks, we are about to get a MA cross over (also crossing the 200 MA) and MACD has failed to cross 0 with a strong bearish divergence.

I think we will find some support around $700 and then fall further to $570 - 600 (possibly lower depending on news and general sentiment).
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