Bitkingfx
Short

BTCUSD Shorts still strong and valid.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Looking at the strength of the last impulse down, I still think we are going to have at least one more move down. I won't change my perspective until I start to see some form of divergence on the chart.

I will be looking for shorts and trading this down further.

Trade safe.

Bitking

Order cancelled: Unexpected spike, typical of bitcoin has now left me back on the side lines.
Its time to sit on your hands and see whats happening.

I will update with a confirmed signal.
Any thoughts for how this will go over the weekend before August 1st?
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Bitkingfx rickySatin
@rickySatin, I believe BTC is gonna start a new uptrend this weekend and continue into next week.
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"Typical of bitcoin"..mostly happens if I also short it..:P Never mind, stop loss activated well. This fomo was insane, some correction will come..but I dont dare to short it.
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Bitkingfx CoinDreamer
@CoinDreamer, Yep, don't take any new trade until we get some form of signal. There is plenty of time to jump back in. I want to see some form of correction before I take a buy though.
I will update on Friday with what I'm looking at ready for the weekend.
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And after that? Who knows? If btc hard fork happens in August we could go under 1k...
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Bitkingfx CoinDreamer
@CoinDreamer, Very much so, I would like to see the strength of this down move and see if can be maintained and possibly turn into a trend? As ever we will hold our breath, bitcoin is a very interesting beast and always seems to surprise us one way or another. The best thing we can do is wait until the chart shows us what to trade.
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