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Bitcoin, Another Short-Term Move | How To Trade
Bitcoin
Short
Bitcoin, Another Short-Term Move | How To Trade
By AlanSantana
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Updated
Feb 26, 2022
6
6
Cheer
Cheer
21
21
Feb 25, 2022
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.
Feb 25, 2022
Trade closed: stop reached
Feb 26, 2022
Comment
Not looking good when the rejection takes place right at "resistance".
Chart Patterns
Technical Indicators
Trend Analysis
AlanSantana
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