Bitcoin Update - booking profits and waiting

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
After a nice markup phase, Bitcoin is currently stalling out.

Above us we have the resistance of the 200 daily simple moving average . This is a tough nut to crack.

Time transformation, one of our primary momentum oscillators, just printed a bearish cross under and overbought territory. This is considered a sell signal.

Rather than exiting my entire position, I am going to take partial profits here, update my stop loss, and wait for price to break out of this range.

Professional Mentors & Community for an evolving marketplace.
Proprietary Indicators and Strategies - Pathways to Profit Course.
Transparency & Honesty - Join our Free Community Today!

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.