sumastardon
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Bitcoin: BTCUSD next shorting opportunities

BITSTAMP:BTCUSD   比特币/美元
Sad attempt at counter rally here . Think it looks Ok to short from 6943 again if touched with stop 40 points above....if it can bust above 6943 (which maybe it will) it should push up to 7060-7070 where it becomes a compelling sell if seen, with stop at 7160-7170 which will likely be the absolute limit of upside potential - before it should fall away again to the first target at 6312


Last update, see last Bitcoin             comment (update)

Whipping between minor support at 6720 and resistance at
6850 as day traders fight this space. Want to lower stop to
6870 as if it breaks above here it will move back up to 6943
again. It could potentially rise all the way to 7060-7070 at
which point we can look to sell it with stops 110 points above
if struck. If it's to stay weak in short term and hit the
downside target 6860 must hold it back now, otherwise a
stronger counter rally first before the next wave ...this
decline is not over yet, but need to be careful of a potential
counter-rally if 6860 is broken.
Nice!!!
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you're awesome...spot on everything
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