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This is it - strong resistance at $5700 - don't run off cliffs1. Since we all had the same idea (free money), BTC will sell off and go back to the 50 MA 2. Next stop is the last resistance, place your first limit orders there 3. It will not go down - until it does and meet the 50 MA 4. Don't forget the black swan, it can even go down to the 100 MA! Think about it, Bitcoin Gold will sell for i.e. 10/1 BTC. What will you do? Sell for real BTC? Of course! And what's next, sell the "free" BTC for real FIAT? Of couse, especially at a ATH! Humans are lemmings, don't be a Lemming, don't run off cliffs, protect your goods!!
BITSTAMP:BTCUSDShort
by TraderHase
DGB opportunities dailyAs you can see I drew a fibonacci retracement from the lowest low to the highest high, trying to find the sweet spot for my entry point. Both MACD and RSI are not sending any signal to rush for a quick buy. So lean back, relax and wait until the chart drops below the first resistence level at 0.00000077 (yellow rectangle ) based on the fibonacci retracement (0.382). See if the chart also drops below the resistence at 0.00000073, which was the lowest point of the current downtrend. If it does, the organe rectangle would be a good area to place your entry. If it doesn't the yellow rectangle would be a good spot.
DLong
by paaax
2