Bitcoin - False breakdown ? Short
Bitcoin / U.S. dollarBitstamp
Description
⋅ Good afternoon, traders! Less than 12 hours left before the week ends!
Lateral movement continues in a very narrow range, usually the longer the range narrows, the stronger the movement.
Key levels: Resistance 9800, 10500. Support 8600, 7600, 7200.
Price Action: If the price remains below 9800, we will see the fixation of false breakdown on the weekly chart.
Trading idea: Gradually gaining shorts at the levels of 9600-9800, I expect a fracture of the growing trend. Stop 10500.
My last review of June 2 here:
Like it, I will be very pleased!
Zeal is the mother of luck
Yours faithfully,
Klinkov A