sumastardon

Bitcoin: BTCUSD Decision time for day traders

BITSTAMP:BTCUSD   比特币/美元
Bitcoin             BTCUSD             Decision to make here for day traders and others if running a decent profit today
Trying to hold up off a tiny line of support that
once broken should lead to an acceleration to downside and
help achive the minimum downside target at 6312....so tricky
here with spreads...if short and day trading from th             sell point
at 6943 we should be oK, but some might consider a stop not
too far above 6830 to trap in 100 points or so ..it can whip
back higher to the break level at 6943 one last time,
potentially...it's not easy to decide with spreads so wide,
though.
Whilst below 6943 it's still in a bad way but if continues to
hold at the lows it's obviously running out of short term sellers
and can stage a quick counter rally. Alternatively a take
profits now at the lows but be ready to short again hard on a
break below 6700 aiming for 6312 minimum downside target
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