BITCOIN Trading Idea
Price broke MA100 and the up trend was over. It's time to think about short trades because we have following arguments for this:
- MA20 and MA50 fall and show down trend
- DMI confirms down movement and trend conditions
- RSI confirmed price reversal from MA20
- MACD gave a signal for opening short trades
Place a pending order below 564 and stop above 587. Profit target is near the support level 500. Short trades can be opened using hourly and daily charts. Don't forget to follow your money management rules.
- MA20 and MA50 fall and show down trend
- DMI confirms down movement and trend conditions
- RSI confirmed price reversal from MA20
- MACD gave a signal for opening short trades
Place a pending order below 564 and stop above 587. Profit target is near the support level 500. Short trades can be opened using hourly and daily charts. Don't forget to follow your money management rules.
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