sk_4587

BTCUSD - bitcoin double top on long term chart after divergence

Short
sk_4587 Updated   
BITSTAMP:BTCUSD   Bitcoin


Hello dear traders

Bitcoin ( BTCUSD ) on monthly chart its a double top
after breakdown of previous low so its a sell according to me
with very small stop loss risk reward is very favourable here

so sell BTCUSD near 69000

stop 70000

with minimum target 53300


Comment:

on short term 5 min chart

3000 point profit running in just 1 hour of post
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3500 point profit in second time today
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4000 point
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5000 point
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9300 point

total 13% fall happend in a single day after trade post
Comment:
69000 to 60000
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mkt broke channel so i am right with my sell decession
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i am only seller technically at high point
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Monthly candle analysis, previous month candle is bearish engulfing
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