ImmortalTrader

Bitcoin Still Short

Short
BITSTAMP:BTCUSD   Bitcoin
If you want to get in on a sell position go to the 4hr chart and set a sell order at the 50ma or 20ma depending on which you are comfortable with.
We may not get there but we would be close. this market needs momentum to go for the 3900 region hence the current surge up which like I'll always warn is not a buy signal.
In a bear market sell the rips and never buy dips and use 1hr or preferably 4hr chart to be on the wining side.

Disclaimer this is not a trading advice but an analysis based on technical and historical facts of how BTC behaves and moves
Trade at your own risk but remember always trade with what you can afford to loose
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