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OmiFX8

Bitcoin: Sell below $10,800 (Bitstamp price)

Short
Bitcoin (BITSTAMP:BTCUSD)  
OmiFX8  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) markets prices Technical Analysis
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trendanalysis chartpattern indicator bitcoin markets prices technicalanalysis
Bitcoin's weekly chart shows:

  • Downside break of bull market trendline
    MACD has dropped below zero.
    BTC charted a hanging man bearish candle last week.
    5- and 10-week SMAs have produced a bear cross.

Trade: Sell below $10,800 target $10,000, $9,800 stop loss $11,200

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