Short once confirmation below 11480 trend line, Long above 11520

Bitcoin is filrting with an important downwards trend-line from the high at 12499. It has broken the trend-line but is back testing it with potential for downside action. If the price starts to tumble here, we will likely test 11200- 11100 range. With a break of 11100 the next significant resistance is located at 10800- 10700. With a strong bounce off the trendline upwards, we will likely resistance at 11700-11800 and 12100 - 12250.