BITCOIN - Short-Term Trend Change (Ascending Channel Breakout)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello my friends! This is a quick update for our monetae Discord Community.
The price of Bitcoin ( BTC ) broke out of an Ascending Channel , followed by a Retest of the previous Support Line (Yellow Circles).
The trend on the bigger time-frames is still down - as long as the chart is not producing a strong reversing signal.
This chart is helpful to spot an entry for a quick short position to the targets (Green dotted lines), located at 6800.00 and 6500.00.

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Dec 03
Trade active: Short: 7250.00
monetae Management || est. Oct '19

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good analysis!
+1 Reply
@Jenna_94,thanks :)
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