Tom_Killick
Short

BTCUSD: Nice Level To Get Short Into This. #Bitcoin

BITSTAMP:BTCUSD   Bitcoin / Dollar
1081 11 15
Friends,

I hate BTC , it blows. But, there's a nice opportunity to pick up a short, we are waiting for a close below 289.00's ideally to get a safe sport, and less aggressive traders can get their short at around 286.10's for more safety.

Some nice levels, and nice reactive levels we can use as a "Legend" If you will.

Let me also add, in my OWN opinion, the 34MA is really good for bitcoin . In my own experience, but i've left it off the chart. Add it to your chart and see how it works yourself.

Thanks,
Best of luck,
Tom
To join my signals group, or receive training from a former city trader: T.killick182@gmail.com

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Hahahaha!
We're in sync lately...Must be all that pair/ratio trading I'm doing I guess.
I was looking at the weekly and thinking, this is a short.
If you analyze the volume and time spent at each price level, you will see that this rally was a pump and dump operation, clearly, no followhthrough after going up (corrective structure in EW terms).
+1 Reply
LOLOLOL, not only in recent agreement, but also your volume analysis was something I also noticed hahaha. And we thought we were contrarians!

Regards Ivan,
Tom
+1 Reply
Yes, a perfect area for a short here. There might be another surprise pump between Thursday and Friday this week, but if that doesn't happen then nothing will stop this from a healthy overdue correction.

Bitcoin Price Trend - A Macro Outlook For Summer-Winter 2015
+1 Reply
Nice work.
Reply
Posted an updated chart:
BTCUSD: Bulls in danger
Reply
We are in a small wave throw off now, selling should pick up velocity and fast
Reply
vortexspaces Tom_Killick
target near 260, and thats all for bears this time
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Tom_Killick PRO vortexspaces
You can't be sure of that, anything could happen.
Reply
vortexspaces Tom_Killick
Yes of course, but 5 months C&P is on track
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vortexspaces vortexspaces
*C&H
Reply
IvanLabrie PRO Tom_Killick
Indeed. A move below 246 would trigger a chain reaction...next stop 150, if breached can hit 86.
Reply
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