No matter how much you wish the price of bitcoin to appreciate as a trader you have to respect the market. And Mr. Market is in selling mode right now. How much can bitcoin fall?
It looks like very important support zone of $380-400 could be reached within a few couple of hours. If this level capitulates, the bulls will be in a real trouble and much cheaper bitcoins lie ahead of us.
Sell: now or below 435 Stop-loss: 470 Take Profit: 405; 385; 340
Buy: 535 SL: 500 Take Profit: 580