rizlas

BTC next price moves, lookin like it will move down

Short
BITFINEX:BTCUSD   Bitcoin
1
Seeing that we have briefly broke 300$ a few days ago and the price immediately return back under that barrier, previous resistance levels have turned into the support, the most evident is the one in the $275-$278 range. If we are to break this support, next level is around 265$, which is a good price to put some stop buys after shorting at around 270-272, and put some of the rest of the stop buys at around 255$-257$, which will be the next support level. I count to do this only if we break under 270-272.
Also notice volume decreasing as price moved up until it reached 310$.

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.