SFishwick

Lower highs and lower lows - def bearish short term for BTC

Short
SFishwick Updated   
BITFINEX:BTCUSD   Bitcoin
Too much resistance through all these levels.I am shorting BTCUSD , entered a bit late, at 6550 with an exit around the next support level at 6446 or so.

Keep it simple. Lower highs and lower lows define a bear market. I am not a huge fan of trading during these markets (not as fun) but if you can make a bit of money on the way we step lower, why not? :)

Stay safe.
Trade active:

Even though, hourly RSI, MACD, and Willy are looking for the upside, I'm staying in. Keeping a tight stop loss - and see where it takes me.

Disclaimer

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.