BTC - Short

Bitcoin came dropped out of its bearish rising wedge pattern. To fulfill the pattern we will need to see price drop around 25% from the bottom of the wedge. This would have price finding support around 43K. The past two days after Sundays drop we have seen price consolidate forming a Bear Flag. If watch for confirmation around $53,300 as we should be able to place a short order for 7% gains. Remember to wait for confirmation and always have a stop loss placed responsibly.