MEX_Exchange
Short

Bitcoin almost breaking out, prepare to short

BITSTAMP:BTCUSD   Bitcoin / Dollar
Sell below 15496. Stop loss at 16615. Take profit at 14126.
Reason for the trading strategy (technically):
Price is seeing major support from our ascending support line and also at 15496 ( Fibonacci retracement , horizontal pullback support). We will only sell on the break of this major support which would trigger a push down to 14126 support ( Fibonacci retracement , horizontal overlap support).
RSI (55) has made a bearish exit of our long term ascending support-turned-resistance level and is a presignal that a strong drop could be occurring soon.

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what could be the next move? any update please? btw great one!
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Good call mate
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super!
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awesome!
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Well done
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coming from the future.. nicely done. ty.
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perfect trade congratulations
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what do signals do you see now? do you expect it to drop much below 14,126?

I'm interested in buying BTC, so I'm looking for the best point of entry price
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good call!
+1 Antworten
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