toateotihuacan

The Bear Necessities

Short
BITSTAMP:BTCUSD   Bitcoin
Hitting major resistance here at 8K. Target 2.4 - 2.9K.

Fundamentals strong, but bearish until 8.2K broken with conviction.
Comment:
50 Day EMA resistance @ 8350. Stop @ 8550. Will close idea if hit.

200 Day EMA @ 8800.

Daily Kijun @ 9100.
Trade active:
Bear div on RSI. Short again from 8340.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.