Short

BITCOIN Trading Idea

Price reached 600 level and probably we'll see reversal and following down movement. In spite of MACD rises and shows up movement, ADX falls and we don't have confirmation from DMI. If we have a bearish candle, it will be a signal for reversal from the resistance level with RSI confirmation. We'll have to wait when MACD reverses and starts falling. It will be a signal for opening short trades based on the daily and hourly charts. Profit target for short trades is 500 level.

DLavrov

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DLavrov

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