TradingView
MoonTrader
Dec 20, 2014 7:04 PM

Tremendous shorting opportunity at break of key levels Short

Bitcoin / U.S. dollarBitstamp

Description

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!
Comments
ChartArt
What happens when people buy the dip today?
MoonTrader
That's what I'm waiting to find out.
More