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Short

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

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
1084 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:
Reply
TomProTrader IvanLabrie
We are in a small wave throw off now, selling should pick up velocity and fast
Reply
vortexspaces TomProTrader
target near 260, and thats all for bears this time
Reply
TomProTrader vortexspaces
You can't be sure of that, anything could happen.
Reply
vortexspaces TomProTrader
Yes of course, but 5 months C&P is on track
Reply
vortexspaces vortexspaces
*C&H
Reply
IvanLabrie TomProTrader
Indeed. A move below 246 would trigger a chain reaction...next stop 150, if breached can hit 86.
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.

+1 Reply
Nice work.
Reply
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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