TradingView
Technician
Apr 1, 2015 10:37 PM

BTCUSD: Short Trade Update Short

Bitcoin / U.S. dollarBitstamp

Description

Original Trade tradingview.com/v/z6fgCq6V

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 tradingview.com/v/97hCiiAX/

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Regards,
Technician
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