BTC - Short to 5200 Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ Nov 14, 2017 7:40 AM

Correction seems to be over around 6800 region.

Short to 5200 touching 100ma on daily chart. From history at every dump it seems to touch this line.

Stop loss $6900.
Target 1: $6400
Target 2: $6100
Target 3: $5600 (if 6k breaks with ease)
Target 4: $5200 (100ma)

Lets see what btc does over the next few days.

Order cancelled

⋅ Nov 15, 2017 2:24 AM

Stop loss met.

Bulls have taken over for now.

Chart Patterns

Comments

JZX100

⋅ Nov 15, 2017 2:21 AM

Trade closed. Stop loss met.

Looks like bulls have taken over and we wont see 5200 again.
Unless big sell off at 7k.

JZX100

⋅ Nov 15, 2017 1:07 AM

Close to breaking up but lets see if 6850 breaks with ease.

If thats the case then perhaps 5700 was really the dip to buy in.