DLavrov
Short

Bitcoin and Bearish Divergence

BITSTAMP:BTCUSD   Bitcoin / Dollar
472 0 29
The resistance level is a good place where up price movement can be reversed. Bearish divergence, formed by MACD histogram and RSI , gives a signal that up trend is over. We can open short trades. Entry level should be below 714, it's the low of the signal candle. Place stop orders above the resistance level and take-profit orders near MA100. It's possible to use trailing stop for exit or close short trades after getting a signal for opening long trades.
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