BITCOIN, strong Resistance hence going Short opportunity
Updated
Bitcoin has recovered massively since the last crash on March 13, but it has still a positive correlation with global market trends. It has broken a few resistance levels since that time but as it goes higher, it will face more strong resistance. As you can see on the chart, in the next few days, two long term moving averages are crossing each other near almost $7920 - $7950. I think that intersection will create a strong resistance and there is an opportunity to go short.
Comment
Short position parametersTriggering Point: ~$7950
Entry Point: ~$8000
Stop Loss: ~$8275
Take Profit: ~$7650
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