I am still actively managing the BTC:USD short. $5,000 remains the target. We we hit the $6,000 low on 2/6 I used it to draw a new trend line (green dotted). We have been consolidating on top of that line over the past 48 hours.
It appears that $7,000 is holding as resistance and that we should be breaking down here soon. Above $6,850 could provide a good short sale entry if you are not already in a position.
Happy trading and remember that following is free!
It appears that $7,000 is holding as resistance and that we should be breaking down here soon. Above $6,850 could provide a good short sale entry if you are not already in a position.
Happy trading and remember that following is free!
emasar Indicator is available for purchase at alphanalysis.io/product/emasar/