Bitcoin: No clear sign for the moment
Bitcoin / U.S. dollarBitstamp
Description
⋅ Hi FInancials,
Lets take a quick look at BITSTAMP: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