BTC/USD - Next Stop, $8,100!
Updated
We got rejected pretty hard by the 55 EMA and ended up finally dropping to the 8,400 range. The pumps we had along the way were also suspicously low volume, as i highlighted in one of my last published ideas. Add to all that our pretty bearish weekly candle close, we can safely say that we're heading towards a rough week. There really aren't many scenarios where we bounce back to the 9,000 range without retesting the 8,000-8,1000 in the next days, with possibility of going even lower. A short is standard here. Stop-loss should be set at around 8,650, which is where things could start turning around (as the 8,600 resistance could potentially become a support, again).
Trade active
That was fast! We reached our first target in just a few hours. Easy, huh? Keeping my short open, by the looks of it we're going down harder than i first expected.
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