MA's are about to cross over to the downside.
200 EMA is about to reach 6000 - which has proven to be an extremely strong support/resistance level.
I would recommend a short position in BTC with ultimate target being 6000 USD. Keep a relatively tight stoploss and allow trade to breath.
200 EMA is about to reach 6000 - which has proven to be an extremely strong support/resistance level.
I would recommend a short position in BTC with ultimate target being 6000 USD. Keep a relatively tight stoploss and allow trade to breath.
Comment:
Watch out for the 8000 area this was serving as an extremely strong support and could provide significant resistance for price.
I would attempt to catch a move closer to the 8000 range - I will be setting a limit order for the 7850 range. Stoploss will be above 8200.
I would attempt to catch a move closer to the 8000 range - I will be setting a limit order for the 7850 range. Stoploss will be above 8200.
Comment:
My take profits will be set at 7200, 6700, 6500 & 6200
I would attempt to catch a move closer to the 8000 range - I will be setting a limit order for the 7850 range. Stoploss will be above 8200.