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Short

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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Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
Dec 03
Trade active: Short: 7250.00
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good analysis!
+1 Reply
@Jenna_94,thanks :)
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