Bitcoin, Another Short-Term Move | How To Trade

Here we have another short-term move for you on the BTCUSD (Bitcoin) chart...
How To Trade?

We have some bearish candles forming after the strong challenge of resistance that happened yesterday.
Any bounce in a downtrend can be used to sell.

The resistance (stop-loss) can be set around MA200 or EMA300 ($38,940 to $39470).

The targets are set at lower support.

This can start at $36,380 followed by $35,480 and finally $33,055.

Additional details on the chart.

Namaste.

Trade chiuso: stop raggiunto

Commento:

Not looking good when the rejection takes place right at "resistance".