This looks like a correction move on BTC. General downtrend and indicators confirm further downsideOKCOIN:BTCUSD3M
Comment:
A more conservative target for a short would be 2300. Will have to see how PA unfolds near 2200 level.
Comment:
Even though it looks tempting to jump in here, MACD hasn't confirmed a reversal yet. Need to see how this candle closes. If it's a bearish Doji I might go short above it's open
Comment:
Resistance from the uptrend line. I'm entering short here around 2300
Trade active:
Short @2300.59
Trade closed manually:
Price reversed to test resistance again. NOT a good sign, I'm closing my short