BTC -- Sell now to double your money.

With a rejection from the 200EMA and a break of the recent higher low imminent, the technicals for BTC do not look good. If we do not see any upside action in the coming weeks we could see a new low form at 5400. The fundamentals for BTC have been mostly positive but this market is not without its share of doubters. The lack of new money coming in is the real issue here and unless we get some support from big money then we may see further downside. The thing is we may not get any institutional investment until we see lower levels. Who wants to throw millions into a bear market? We do have a strong support level at 2900. The thought of BTC going down to this level will make anyone sick but we must be prepared for the possibility.
For all of those that stray away from margin trading or do not feel comfortable with short selling a market, you should be accumulating as much fiat as possible ready to add to your position if we see those lower levels.