rubypang

BITCOIN ANALYSIS

Short
BITFINEX:BTCUSD   Bitcoin
Hi everyone, see you again.
When I saw the falling flag, I know the price will break out. I thought I went downstairs and cook some noodles before long the bitcoin. I was worry. When I came back, the bitcoin price already broken out. I asked myself that moment how hungry you were?

Now we can short the bitcoin. But the short order is short-live. The bitcoin will rebound from the support level.(the green line)
I have to say please set stop loss when you short the bitcoin. Because another option is the price may not fall down near the support level, it just up and down in small range (the purple line ) and then raise up.
Thank you


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