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zwartetulp
Mar 27, 2018 7:13 PM

BTCUSD Short Short

Bitcoin / DollarBitfinex

Description

Heavy resistance met at 8200 and downtrend to 7600 confirmed with a backward trend confirmation.

You might see BTCcross the 8100 line due to low volumes or a battle of bots. Anything above that is a good entry price for short selling if your exit point is 7600.

The key here is to be patient. Today's bears are tomorrow's bulls. Sometimes, sitting behind your screen at the right time supersedes any TA.

FOLLOWING AN OPPOSITE STRATEGY COULD PAY OFF EQUALLY. DON'T FOLLOW MY ADVICE.
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