Short BTC on retracement before another leg down

BTCE:BTCUSD   Bitcoin / U.S. Dollar
252 5 4
It's been awhile, but I am going to try a trade oout on BTC             .
The idea is lower lows and 8-41 EMA cross down signifies bearish trend . 3 red candles have already taken us down $50 and a little re-tracement is expected before another leg will follow. My short area (horizontal lines) I made from top/bottom wicks of previous candles.
Wish me luck!
Took profit on 452 short at 416. Successful trade
+2 Reply
nice comeback : ]
my target is 422$
TheChasm cezarone
Yeah I can see $422. My short at 452 went through. I'll be making another chart after price plays out a bit to figure out better targets to take profit.
Magnus approves : ]
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