Bitcoin has closed below the rising trend line, saw a retest of 0.382 fib level and we have a bearish engulfing on the 0.382 fib level.
We have a decent sell opportunity here. You can see the entry price, SL and TP in the chart.
Main hurdle here would be sub 9200 level, and we might see a solid bounce back from there. Need a strong close below that level to...
Short selling will break nearby 9231/9125.
==> Money-Maker, staring down loaded gun!
Higher chance to follow 2.Scenario at 9250 nearby.
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We have enjoyed below Short Selling PLAN A and B:
So where are we heading in the couple of hours, probably seeing more downside, since alot of early levels are already been tested.
Aiming for 3200 or lower, at the moment i opened an big short position in bfinex!
Short the ponzi :)