Tassolago

Bitcoin: No clear sign for the moment

BITSTAMP:BTCUSD   Bitcoin
Hi FInancials,

Lets take a quick look at BTCUSD

After a positive movement from U$9800 to U$11100, We cannot see a clear trade here.

If we think about shorting, We have all the moving averages below the price.

If we think about longing, We don't have the volume at all, and also, Bitcoin is just near the downtrend line.

So, the risk/reward ratio is not ok for the moment.

On the major time frames, We are bullish, so..

This is just a quick trade vision.

FINANCIAL MOVE CRYPTO

Experienced Professional on the Finance Sector area.
More than 5 years on Financial Market
More than 2 years on Crypto Market.
CEO Financial Move - Crypto Consulting.
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