Bitcoin - short term sell - target 3830 $ -

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
After my last analysis the price followed expected wedge breakout downway to up channel support line but this analysis is now invalid because price just made a bart formation like a lot times before. Now is price currently testing strong at 4000 $ and going to re test support at 3830 which is take profit for short order. From there I will open another long if the price hold above the drawn trend line .

Indicators showing bearish correction within next hours. RSI has retraced from heavy over bought area and MACD baselines going to cross bearish .

Good luck to all
Mar 09
Trade closed: stop reached: target failed because of 20 $ difference in price. Trailing stop closed this trade automatically.
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