Bitcoin Possible Short Trade

Price made a new high which is lower then the previous. It can be a signal that the market is going to drop lower. We have short opportunity and we can try to catch possible down movement and make some profit. Entry level for short trades should be below the uptrend line 1. If price breaks this line, we'll have an additional confirmation for down movement. Stop orders must be placed above 2700.00 level. Take-profit orders should be at 2000.00 level. Long trades can be opened from the support level and the uptrend line 2 but only after getting buy signals.

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