Bitcoin is trading below EMA300 on the daily time frame, so another leg down might happen before testing resistance back up... Here is the chart:
Below you can find the full details of our trade, remember that this is HIGH-RISK and not financial advice.
Leveraged trades are intended for advanced /experienced traders only. If you are a beginner, stick to the altcoins on Binance, Bittrex, Huobi, Poloniex, HitBTC, etc.
Thanks a lot for your support.
Trade: SHORT XBTUSD ( Bitcoin )
Buy-in: $8,050 - $8,150
(1) $7,900 |Hit (+14.58%)
Stop-loss: Close 4h candle above $8,195.
Liq. price: $9,652
(Buy-in calculated at $8,092)
Potential profits: 30.5%
Capital allocation: 6%.
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Previous analysis | Bitcoin's Next Move Short-Term ($7,700 or $9,200?)
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