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matthew.khama
Nov 17, 2015 5:51 AM

BITCOIN: IMPULSIVE DROP CONTINUES Short

Bitcoin / U.S. dollarBitstamp

Description

I am expecting a strong down move in bitcoin to $283 and below. Only a move above $356 can change this stance. Therefore I am short with a Stop Loss at $356, the wave (iv) high (in blue).
Comments
blackswan
you may get this one right cause today's rally did look like a mini sucker rally... market movers are trying to create sort of optimistic sentiment and not seizing the momentum... not sure why but sure doesn't look right to me..
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