Bitcoin

Update on Bitcoin, support line is maintained for now.

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Bitcoin surpassed down the 0.236 Fibonacci Retracement levels, as mentioned before in the previous post we are looking at a bear setup especially if Bitcoin continues downward and breaks the red line, if this does not happen we could easily see upward pressure again.

A bullish movement is not ruled out, therefore investors must proceed cautiously. I have personally set up SL in breakeven.

We are already up 180% ( Bitcoin and Ethereum short) with 15% leverage in BitMEX. Now SL is set in entry levels, for further information check out the previous post.

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