CryptoArts

BTC back to the Trend line

Short
BITFINEX:BTCUSD   Bitcoin
The previous wicks is a good area to look at so that we can have an idea what is going on. Bears are active within that region, so I used the trend line as a reference for me to execute a sell position. This short will be invalid if we see a candle closure above 8200-8300. So in the mean while I will be patient and watch price action closely. My first target would be 7600 area the highlighted region and 7200 area for the second one. Good luck and have a great weekend.
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