2015 New Year's Eve Bitcoin price update
Bitcoin price update,
I am still holding my short position from a while back at 446/465 weekly/quarterly at 50% size, I've added another 50% a few days ago before the drop at 439/453.
Current Bitcoin price shows a bear flag forming on the 4hr/daily chart. I expect further bearish movement. On the previous update, when I entered the short, the timing was poor. At one point, I was down 7.5% at 50% size during an upswing. Now that the position is profitable, I plan to follow the trend (hopefully) and added my position, I am holding onto my position tight. It is New Year's Eve, volatility and volume could be low but I do expect both to pick up by early next year.