TheTechnicalAnalysts

BTC Important level Reached!

BITSTAMP:BTCUSD   Bitcoin
Long term trend line reached, positions closed, going to the downside?
Current levels might be good entry opportunities to the downside for optimal R/R Ratios, yesterday close formed a bearish candle with a wick that went through the trend line suggesting possible bearish momentum.
SL above the previous high and targeting 80% of the upward move seems like a reasonable setup.


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