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BTCUSD - Close Your Short | Stand Aside & Wait for Confirmation

BITSTAMP:BTCUSD   Bitcoin
Bitcoin Review - BTCUSD :
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Price Got Support At The Ascending Channel. Close Your Short. Stand Aside & Wait for Confirmation Whether Price Close Below The Neckline or Price Breakout The Descending Trendline (Pink Color) Towards Upside.

Recently we saw price had fallen down sharply after showing a regular bearish divergence. After that we saw Bullish Momentum on 4hr chart. Price and RSI had broken descending trend-line towards upside and it was the first signal of impending trend reversal. Also there was a bullish Fakey setup. Recently

Trading Tips : "When I trade, I don’t just use a price stop, I also use a time stop. If I think a market should break, and it doesn’t, I will often get out even if I’m not losing any money" - Paul Tudor Jones

'4M of Trading'
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- (Understanding) Market,
- (Your Trading) Method,
- Money (Management) &
- (Leading and Managing) Myself

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Penafian

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