Short Bitcoin at 480, Stop 495
*check out the bitcoin trading guide and reference for what they mean
Market is at the upper range of the consolidation, bounce look weak. While bitcoin can continue to go up, a correction to this intermediate down trend. I think the risk/reward here is pretty good. My stop is just above the high of the consolidation area above resistance. If we do go above this price, I am wrong and I am getting out. If we breakdown, we will retest 450 again. Risk/reward is about 2:1 with this trade.