Testing resistance on bitcoin
Updated
This is an indicator setup I usually use for trading gold, but the risk reward on a Bitcoin short is looking real good here. Don't look to be right every time, look for good risk reward ;)
Note
I would recommend taking half profit now, there hasn't been a downside spill yet so it would be best to reduce risk.Note
Okay we've got a beautiful move down now. I expect we would be able to reach target 2 with our remaining position. Easy profits.
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