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.