BTC/USD Analysis: Market Slowed Down Can Expect A Breakout...

in #bitcoin • 6 years ago

BTC slowed down in last 12 hours and we are now ranging between 6350 and 6400 so it doesnt offer us a lot of chances for catching big moves but it offer us enough time to check the situation and prepare for that "big move"

BTC chart: https://www.tradingview.com/x/Rsp9Z9TV

This is my trading idea!

Entry around 6370, stop loss above 6405-6410 and first target around 6280-6250!

There are a lot of reason why I am bearish on BTC at the moment! I was combining different strategies, time frames and all I see is potential dump in the price of BTC.

This trading set up offers me perfect tight stop loss so let's enter and wait to see where we are going!

Good luck!

#cryptocurrency #mgsc #ripple #blockchain
6 years ago in #bitcoin by
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     6 years ago 

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