ManhNguyenVN

ManhNguyenVN

Reason (to short if price reach 350): 1. Fibonacci level 61.8 reached 2. resistance zone (which has been tested a few time) If price reach 350 we will see if it shoot through the resistance or test it a few time and act accordingly. Take profit near 260 (but check buy and sell power if price reach there), stop loss above 415

ManhNguyenVN

Nothing seems to move up or down (yet) in Bitcoin world, so in the mean time, would you kindly share with me what you think about EMA, SMA etc? Are they rather old? Any use? If you are utilizing them, which MA, which parameter do you choose and why? Personally I used EMA 10, 20, and 50 back when I traded Gold, but now my friends seems to ignore MA altogether, haha.

ManhNguyenVN

Three reasons: 1. 2800 was a strong resistance, and it still is. 2. Price reach Fib lvl 61.8 and will continue to go down. 3. BTC has been too hot lately. There's no extremely good news for it, so it's time to short and realize profit. My friends and I are about to short large amount. Are you with me?