DoctorBitcoin
Short

Bulls exhausted after small breakout at 2010CNY. Nice short opp.

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
Momentum indicators show bulls are exhausted after a small breakout at 2010 CNY             , plus volume is not picking up. A pullback to 2030-2010 CNY             to retest breakout level is the most likely scenario.
With a tight stop loss at around 2100 resistance it offers 2.5 risk/reward ratio. Good opportunity for a small short.

I wouldn't keep this short oppened if 2100 is broken since it could lead to another bullish leg to higher levels. Higher timeframes (1D, 1W) are showing a bullish divergence , so watchout!

Good luck!
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