TradewithLu

BTC objective analysis LOOKS BEARISH

Short
BITFINEX:BTCUSD   Bitcoin
RSI, MACD, Volume, and price action all showing signs that the trend is slowing, so a drop should be expected. How violent or weak this reversal will be I am not sure, but there will be an opportunity to profit from a move down in price IMO. To profit from this, I would wait for a bearish reversal candle to form in the RED ZONE as shown above.

This is not financial advice - I am not responsible for your profit or losses - ONLY FOR EDUCATIONAL PURPOSES.

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