It could go higher to maybe 7450, so there is a risk. It's hanging an o support now on the small time frame
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It looks like it is making a upward triangle, so it will probably go to 7250 first
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at 7250/7300 i will go short!!
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Bitcoin chart at Bitstamp. Giving different signal. Probably the 2 different prices will get closer. A false outbreak on the upside would confirm the same as Bitcoin on Bitfinex
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i am short at 7220, it could get another spike up, but the chances are bigger it will drop from here. Those 30 points wont matter. Stop at 7400
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Under the red line will be the first confirmation, the second one will confirm the (short term) uptrend is over. But the Bitcoin always surpises us with its power and greed
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They are still holding it, it's not looking so good for short anymore. But is showed real weakness because the (Bitfinex) Bitcoin did not even come close to it's target of 7300. just the same as last week when it broke out the 7200 and should have have reached the 7400 but instead it turned at 7320. We will see, it will probably make a higher high now, but if it cant even reach that, than it will probably tumble down.
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i have added at 7270
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So it did reach its goal after all, now it had dropped quite fast to its support line. If it drop under the second one, that the short term downtrend will be confirmed
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I have added more on 7275
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It is starting to turn now, lets see if they can push it up again or that it will finally drop
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A close below 7000 would be a more confident confirmation