Bitcoin never disappoints in disappointing buyers. If you ever wanted to become a perma-bear, this week is the chance. Bitcoin lost the final and very last chance to reverse the direction out of this seemingly never ending downtrend by falling below 1400 CNY.
This is going to be the last and final several week downtrend wave before it's getting attractive to buy again in the end of Summer or Fall of 2015.
Trade idea: Short in April (current price around 1350 CNY, might test 1400 CNY again)
Target: Take profit in July or September at 500 CNY
Stop Loss: 1600 CNY
This is going to be the last and final several week downtrend wave before it's getting attractive to buy again in the end of Summer or Fall of 2015.
Trade idea: Short in April (current price around 1350 CNY, might test 1400 CNY again)
Target: Take profit in July or September at 500 CNY
Stop Loss: 1600 CNY
