[2015-12-20] Bitcoin Weekly Price Technical Analysis – Gains Reduced in Fed Week

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Conclusion

From each and every technical indicator presented above, one can infer that the current level might not be suitable for the buyer. The better choice would be to keep decreasing long positions on higher levels and wait for lower levels to enter the market.

Very short-term traders can go short on Bitcoin by placing a stop-loss just north of $468 when the price reaches $465. The target for the trade would be $ 440.

http://www.newsbtc.com/2015/12/20/bitcoin-weekly-price-technical-analysis-gains-reduced-in-fed-week/