Short...Let's try this one more time

OKCOIN:BTCUSD3M   Bitcoin / Dollar Forward 3 Months
63 0 5
Stopped out of last short as you can see by last chart, however with the break of the 262-265 area I hope onboard of the bull train and was thankfully able to turn the last failed short trade into a small profit with the last minute long. With the bull rally continuing from the 265 area my next sale point was 282-290 OTE             . I will be riding this short till at least 261 as that is my first TP1 zone, however I really think a push down to the 250 area is more likely making it my TP2 zone.The 240 zone really needs to hold for me too be bullish longterm. At the moment I am neutral on the longterm outlook of bitcoin , therefore I will have to play as we go. Good Trading. Follow me on twitter @spytrader88
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