Hello friends, as we told before, BTC didn't reverse its trend and keeps in a downside trend.
Our advice is to keep short positions (don't buy!) and wait for reversal signs. If you exchanged BTC by Dollar, Euro JPY or any other currency, you are profiting from this dip. If you have long position, find a top on 15m or 30m chart and sell it to re-buy at a cheaper price in few days. That is the only way to profit and I tell why:
- Beyond the double-top pattern the price also entered the downtrend zone, under the strong purple line support. Bulls don't have power to overcome the bears and operators are cautions because of the FUD from this week.