rizlas
Short

BTC next price moves, lookin like it will move down

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
72 0 1
Seeing that we have briefly broke 300$ a few days ago and the price immediately return back under that barrier, previous resistance levels have turned into the support, the most evident is the one in the $275-$278 range. If we are to break this support, next level is around 265$, which is a good price to put some stop buys after shorting at around 270-272, and put some of the rest of the stop buys at around 255$-257$, which will be the next support level . I count to do this only if we break under 270-272.
Also notice volume decreasing as price moved up until it reached 310$.
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