BITCOIN (BTCUSD) Rising Wedge Short Opportunity
BTCUSDBitcoin forms rising wedge with higher highs and higher lows, signals bearish continuation trend.
I am going to follow the price breaks below the trendline and maybe retest the entry point.
Also wanted to take notice of RSI Divergence which hints bearish signal!!
I will open position and take profit regarding to below levels;
BTCUSDShort PositionEntry Point: 55450.00
1st Target: 50500.00
2nd Target: 44000.00
Stop Loss: 57500.00
BITSTAMP:BTCUSD
Thank you and stay tuned for more strategies!
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Trade safe and have a nice Sunday
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