Three short term winners of $700 each to the downside for BTC over the last few days. We re-entered on the short side, but we are cautious as it is getting close to the 200 Daily EMA. We will be watching this carefully with tight stops. If it breaks the EMA, the next major support level is at 7600. Good luck!
Trade closed: stop reached:
As we reported last week the Long Term, Med Term and Short Term Trends are all negative. It broke the 200 Daily EMA, we gave it a wide stop loss and it kicked us out at 8250.
We are not going long, we will once again wait for another short opportunity.
We are not going long, we will once again wait for another short opportunity.