oldstout
Short

Not ready for 300$+ yet?

BITFINEX:BTCUSD   Bitcoin / Dollar
We're now in smth like rising wedge pattern and (much psychological) resistance is 300$.
If we won't break 300$ soon, I see posibility of LH triangle with 275-280$ revisit.
Market should adjust itself with bearish div             1 to 6h.

Good short idea might be SL 299.9$ and TP low risk 290, 285 or maybe even 275-280$.

Good luck with trading.

note: 300$ fail attack is .618 fibo from high 315+ to low 272$. I think that 272-275$ is very strong support.
My first chart published here. Sorry for yellow color and pretty random lines. :)
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