rubypang

Bitcoin

Short
BITMEX:XBT   Bitcoin
Hi everyone, nice to see you again. How about your Christmas? Did you get a lot of gifts?
About the stock, well what's done is done, the situation is beyond our control. About the BITCOIN, let's figure out what's the next.

Do you get the resistance level from my chart? Yes, this resistance level is very important. I drew two color line ways which the bitcoin maybe follow. I prefer the bitcoin will drop down to somewhere before the price rebounds to a new higher.
The red way or the green way, we don't know which way it will take.

Maybe the red way, the price will raise high and then falling down. But please pay attention the resistance level. IF the price break up the level, please don't short the bitcoin, it is dangerous. Because that mean the price will raise more higher. If the price just touch the resistance level and sideways around a small range, it is fine, we can shot the bitcoin.

About the green way, it means the price will up and down in a small range, and then falling down.

I will keep renew my idea, thank you.

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