MoonTrader
Long

Short term long - breakout imminent

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The market is currently holding higher lows and pressing up against $280 support. Once this breaks, I expect it to go into the $290s. I'm still bearish medium-term, but this looks like a good high-probability trade.


UPDATE 6 JAN 2015

Took profit on this trade before target. Looks like it's topping.
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good forecast, it happened :D
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Do you think this is a start of a reversal or should we test $255 again?
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I can't say for sure, but I'm leaning bearish, so I plan on selling this pump. If it continues past $300, then I'll start becoming more bullish.
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Nice call.
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Thanks. I was waiting until the moment was just right ;)
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