BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
HEY! Nice short opportunity for perfect risk /reward ratio.
Sell only after understanding that bears are stronger. Entry point aprox from the price levels of 8800 or 9200-9300.

Have a nice week traders!

Might the profit be with you
Trade active: price 9336 short active target 7840

Comments

I agree, I think bitcoin will now fall in value after the halving has occurred
+1 Reply
cstrader19 Charlieab94
@Charlieab94, yes my friend. It will depends on how this week will close. If this week will close higher than 9600 than we should waiting for better situation. I mean normal close not false break. So if this week close lower than 8200-8000 it will be good for mid term short. Big players needs best volumes and good price like a fuel to car. So this is margin call and stop loses for the folks who had bought from 8000 and up. This system works the same like in the end of the 19 centure). Big moves in market made by big money. Big money=smart money. So we need to be smart like big players.
+1 Reply
Time frame For sell Target??Sir
+1 Reply
@Pooja2, i trade from levels. If price will go lower for 1-2 days and close lower than 8800 or 9200-9300 i wil open short. Stop loss higher than high after false breakdown. So as you see now i could not tell you exact digits. Stop loss\ take profit must be 1/3 min. So all situation depends on high after false breakdown my friend
+1 Reply
@Pooja2, does it matter how long it takes? just be patient and take the profits
+1 Reply
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