Technician
Short

BTCUSD Forecast: Shorts Favored

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
1903 2 21
Update: Trade is active

This is a hypothetical trade.
However, Technically, a trend following trade looks imminent.
  • The overall trend remains bearish
  • The retraced towards the main falling trend line
  • and 50 percent of the latest bearish wave
  • Another key horizontal high is at 310.00.
  • RSI near overbought
Having that said, odds favor a short position.

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This trade should be active if i was trading bitcoin :)
-1 Reply
Absolutely - Unless it passes 310, Nothing really changed on the direction.
+2 Reply
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