DLavrov

Bitcoin Big Short

BITSTAMP:BTCUSD   Bitcoin
If we look at the weekly chart, we can see that the market has been rising during 8 weeks without correction. Bitcoin is overbought and a huge bearish candle can give us insight - bears become stronger. Also RSI is in overbought zone and confirms price reversal. Probably we'll see big short from the resistance zone between 2900.00-3000.00 levels. The market has huge space for falling to the 1st uptrend line. If market drops to this suport line, it will be a good place for opening long trades. And what do you think about Bitcoin in long term? Please, write in comments

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