Bitcoin resuming its DOWNTREND
Updated
After the weekend it looks like 
bitcoin is now resuming it's downtrend.
There were some fake moves pointing upwards but generally speaking we can still see that the downtrend is very much intact.
This time the H4 looks nice to trade again so it's a bit longer term trade now as I usually trade the smaller timeframes.
I soldbitcoin short at market and will add to my position IF price pulls back to the 4060 level.
Target is still the 3100 as this is the swing we are trading.
Profit: +/- $800 per bitcoin...enjoy the ride...
Trade safely....
*** If you like my ideas, please don't forget to give me a "like" ***
bitcoin is now resuming it's downtrend.There were some fake moves pointing upwards but generally speaking we can still see that the downtrend is very much intact.
This time the H4 looks nice to trade again so it's a bit longer term trade now as I usually trade the smaller timeframes.
I sold
bitcoin short at market and will add to my position IF price pulls back to the 4060 level. Target is still the 3100 as this is the swing we are trading.
Profit: +/- $800 per bitcoin...enjoy the ride...
Trade safely....
*** If you like my ideas, please don't forget to give me a "like" ***
Trade active
This trade is developing as planned and price is attacking previous lows.As there are quite some big orders at the 3600 and 3500 levels AND we are at the local lows it is a good spot to book partial profits.
Profit in the bag is profit in the bag.
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