Bitcoin looking unstable. Short

Apr 9, 2020

Bitcoin had quite a rally since the lows however the price structure is not impulsive but rather choppy and corrective. There has been negative divergence building on the MACD which means that bitcoin should break lower from the wedge.

Apr 10, 2020

Note

10th April 2020 - After dropping $310 from the trade entry bitcoin is now testing the trendline support. Should it fail we will likely see a new low

Apr 13, 2020

Trade closed: target reached