Technician
Short

BTCUSD: Short Trade Update

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
1392 0 12
Original Trade

Trade Update:
Following the trade setup i suggested in my earlier post , the price triggered entry by false breaking the main falling trend line . However, failed to sustain the breakout to settle back below it, establishing a new structure of lower highs and lower lows. And that maintains the overall bearish bias i have. Now, I would suggest adjusting stop loss on this trade as shown on chart above 320.00, and partial profit should be taken at 209.00 support level , with a full target at 152.00 major low.

You can view my long term forecast published 12-monts ago. here

Join me, http://www.thefxchannel.com visit.. vote..subscribe
Regards,
Technician
https://thefxchannel.com
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out