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JamesRkaye
Sep 15, 2018 3:26 PM

Testing resistance on bitcoin Short

Bitcoin / DollarBitfinex

Description

This is an indicator setup I usually use for trading gold, but the risk reward on a Bitcoin short is looking real good here. Don't look to be right every time, look for good risk reward ;)

Comment

I would recommend taking half profit now, there hasn't been a downside spill yet so it would be best to reduce risk.

Comment

Okay we've got a beautiful move down now. I expect we would be able to reach target 2 with our remaining position. Easy profits.
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