CoinGnosis

Time to short BTC

Short
CoinGnosis Updated   
BITSTAMP:BTCUSD   Bitcoin
We're approaching the key level of 5k$ which should act as resistance. Plus we can see that wave-5 is forming some kind of ending diagonal so that's a good sign of exhaustion. I think it's a good time to take your profits and short bitcoin.
Trade active:
Looking good. We broke the neck of the head and shoulders so I'm pretty confident we'll hit the target. You can see the timing here, low should be hit between 1/3 and 1/2 of the ending diagonal period :


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