TomProTrader
Short

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

BITSTAMP:BTCUSD   Bitcoin / Dollar
1083 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
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Posted an updated chart:
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We are in a small wave throw off now, selling should pick up velocity and fast
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vortexspaces TomProTrader
target near 260, and thats all for bears this time
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TomProTrader PRO vortexspaces
You can't be sure of that, anything could happen.
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vortexspaces TomProTrader
Yes of course, but 5 months C&P is on track
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vortexspaces vortexspaces
*C&H
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IvanLabrie PRO TomProTrader
Indeed. A move below 246 would trigger a chain reaction...next stop 150, if breached can hit 86.
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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.

+1 Reply
Nice work.
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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
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