Red_Ben

Out of the bitcoin for a bit-buys in 6k's

Short
KRAKEN:BTCUSD   Bitcoin
It's bitcoin, it could continue, so don't get greedy with shorts, but being up over 50% since our last test of a significant daily moving average....it's time to take profits and consider brief short-sided trades if they setup. Watching the rest of the crypto space for some quick LONGS/BTD opp's if they follow BTC down heavy, but within the next few weeks/months, re-accumulating BTC is the only move that makes sense. This is a short-term bearish and long-term bullish call. Watch for an inverse head and shoulders in the 5.5-6k's following a 50ma test (or maybe 100ma on a wick). Don't miss this next dip...we should see $10,300 before the end of the year.

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