MoonTrader

Tremendous shorting opportunity at break of key levels

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I'm going to be watching the $305-325 area very closely over the next few days. A break under $300 could trigger a panic sell down to the $250s, where I expect to meet strong support at the long term uptrend, marked by the blue line at the bottom.

Volume is down and price is up, so this tells me the current mini-bull trend isn't sustainable. What's more, we have a new moon tomorrow, which could signal the beginning of the final bear push. If and when I see a panic sell on high volume , I'll be looking to buy down at $240-250 for a safe long entry.

BTC Donations:
1JzjmYmk2enL3HPCoruSR7KYQRQ4bkoTR4

Thanks!