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BTCUSD Forecast: Shorts Favored

Short
Bitcoin (BITSTAMP:BTCUSD)  
Technician  
BITSTAMP:BTCUSD   Bitcoin
21
2
Update: Trade is active

This is a hypothetical trade.
However, Technically, a trend following trade looks imminent.
  • The overall trend remains bearish
  • The retraced towards the main falling trend line
  • and 50 percent of the latest bearish wave
  • Another key horizontal high is at 310.00.
  • RSI near overbought
Having that said, odds favor a short position.

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Technician
BTCUSD: Short Trade Update
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