BTCUSD Next Stop Lower

Prices do not always head straight up or straight down. Sometimes there are pullbacks in prices while on the way down or on the way up. For beginners and intermediates look at the chart for the pullbacks that occurred during this short decline. You can see where price comes down and then lifts to form each pullback. If there is another pullback to the next move down a short could be considered at the area of the pullback. Before initiating this trade do your homework. Other traders will take short positions from here rather that wait for a pullback. The choice is yours.