BITCOIN - Sell Idea (Medium-tarm)
The consistent failure to breakout above the massive key-level resistance of $101,850 is a strong indication that the bitcoin is gearing up for a downside reversal. at least on the medium-term cycle. We're testing the waters with a small size short position. As the negative momentum keeps growing so will our confidence and our position size. Our secondary profit target is at $97,468 and our primary profit target is at $92,565
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.