BTC short-term LONG, mid-term SHORT
Updated
I think it's still uptrend, because the latest fall didn't break the lowest price, and the price was back on the upward trend line.
Therefore I expect the price will be a bit higher, however price increase will stop around 410,000 yen. There will be double top or something around the line, then I will have a short position till 350,000 yen.
Therefore I expect the price will be a bit higher, however price increase will stop around 410,000 yen. There will be double top or something around the line, then I will have a short position till 350,000 yen.
Note
Now the price is approaching 390,000yen line. for this BTC/JPY chart, 390,000yen line is recognized as H&S shoulder line around Dec/10 2018.Look thoroughly at this line as well, if the price suddenly falls, be sure to close the long position.
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