I believe we are close to finding out BTC's new direction. I cannot tell exactly what the market is waiting for (maybe more news from PBOC?) but our move should be quite soon.
So there are two clear reasons why this is a good short trade.
1. We have hit a resistance in the clear trendline
2. There is a stored up correction now due - almost all big jumps have a corrective pullback to at least 50%.
Happy Trading :)
/m
Pretty clear uptrend has made itself known.
Risks to this trade today (24/10/19) include ECB rate announcement and US Capital goods announcements.
/mike