fakerhi

BTC trend trade Is it going to bounce or dounce

ショート
BITSTAMP:BTCUSD   ビットコイン/米ドル
Short Position (Swing Trade)

Entry: $42400

Stop Loss: $43800

Take Profit: $38000

Risk : Reward 1 : 3

Leverage: 10x

Analysis:

Is it going to bounce? There is no "in my opinion". Trend is your friend, ignorance is your enemy.

BTC made lower High in daily, weekly and monthly chart. The buying power is reducing. There was no bullish trend at all since the top at $65000. This should be a relaxing trade with 3 times profit vs 1 time risk.

Where is the bottom? Definitely below our previous support at $28000 area. All the best.

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