Bitcoin short term trade

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The price rebound from MA100, MACD in -810 give us a short term signal trade opportunity. However, the RSI , MACD still in downtrend line so we need to wait a short breakout.

Pending order should be place at 12100 USD to make sure the price is moving up. Profit target at 13500 USD (near resistance zone confirmed by MA50 and downtrend line- about 13700 USD)

After close your trade, you need to ready to buy the dips at near strong support zone: 5778 USD. Pending order can place at 6000-6100 USD and wait for new sell opportunity.


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