As we can see on the 4 hour chart, bulls are failing to cross the resistance at 11,000
Three doji's at the top, implies a failure and we'll likely witness a fallback.
Remember that Bitcoin is bullish at the moment, so this will be a risky shot.
Another indicator to support this short is oversold RSI at 4 hour chart.
Happy trading :)
Three doji's at the top, implies a failure and we'll likely witness a fallback.
Remember that Bitcoin is bullish at the moment, so this will be a risky shot.
Another indicator to support this short is oversold RSI at 4 hour chart.
Happy trading :)
Trade active:
10,714
Comment:
It's going up. I'll add more to my short at 10,850 (if it reaches that) to average out.
Comment:
Bitcoin is holding strong. let's set stop loss at 10,950
Trade closed: stop reached
1) 10,576
2) 10,469
3) 10,362