Bitcoin Daily - Short Term Idea
The price is testing both the ascending small channel support and fibonacci retracement. If it breaks these levels (7640-7660), then it is a good chance to short the market.
Still we are in bullish trend in MACD when you look at it daily, so this trade has some risk in it.
Wait for confirmation, fingers on trigger...
Cheers
Still we are in bullish trend in MACD when you look at it daily, so this trade has some risk in it.
Wait for confirmation, fingers on trigger...
Cheers
Note
I have opened my short position at 7640. I put stop point to 7630.My target is 7450.
Good luck everyone.
Note
Very critical area is coming. If we break the big descending channel, the fall can accelerate. Otherwise there might come a bounce and we will head for 7800 again. Moved stop poing to 7620
Note
It seem we have broken the channel. This is a good day for shorts :)Note
I moved my stop to 7575, if this isn't a fake breakout, we are heading to 7440 to test fibonacci retracement.Note
From here, a bounce can happen. I have closed my short position and collected the profit so far.I will look into the market later on tonight.
Cheers!
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