Shorting at Resistance Before the Bear Pennant Breaks Down

10 дек. 2014 г.

I don't think nearly enough selling has happened since breaking out of the mid-term channel. Some good support around 343usd (Bitfinex) has led to a pennant forming and I think the bounce will turn out to be a dead cat that wants to fall further. Indicators are winding up for the move as well. Let's wait and see.