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cd_kagaya
Feb 25, 2018 6:06 AM

BTCUSD is droping to 7k Short

Bitcoin / DollarBitfinex

Description


It went above the blue line, and finally dropped down it, showing a failed break.
It is usually a symbol of short, meanwhile, the turnover is decreasing means the lack of confidence.
When it reaches 7k, let's see how btc can play the next movement.

Comment


Still hold this idea.
There is a divergence between the volume and the price, see the blue line.
Meanwhile, it's close to the bear pressure line.
The time cycle shows it has finished, and is now getting into another cycle, change is undergoing.

Trade closed: stop reached

BTC standed over the pressureline now
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