We knew a correction was just around the corner in the bitcoin price having seen the exuberance of the last few days and action hasn’t disappointed us in that regard. Price dropped from in and around the $11,000 area to as low as $9,000 apiece in a matter of hours and current levels sit just ahead of $9,800. We need to make sure that we are ready as and when things move, in order for us to make sure that we can pull profit from the market.
Looking the other way, if we get a close below support, we’ll be jumping in short towards a downside target of 9670. A stop on this one somewhere in the region of 9720 will help us get out of the position if things turn around.
http://www.newsbtc.com/2017/11/30/bitcoin-price-watch-trading-downside-run/
