#BITCOIN - Bearish Mood
Updated
The support of the $10750 was broken - very bearish sign. More likely we will see a re-test of the $10750, but it is also quite possible to see an upward spike to the $10820 point, so the stop loss of a SHORT position should be placed slightly higher.
Good entry zone in SHORT position is $10655 - $10750, targets are marked on the chart.
Good entry zone in SHORT position is $10655 - $10750, targets are marked on the chart.
Trade active
Okey, the situation is quite clear. We're holding SHORT position. The price has already reached 3/5 targets, printed +40% profit with x10 leverage.
The crucial level for now is $10655 — as long as the price stays below this level, the priority remains bearish.
We can see an upward spike into the zone near $10655 level in order to trigger SHORTs that were opened late at $10400.
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