DragonFireTrade

BTC - Endanger of further Growth!Bull Trap!

Short
BITMEX:XBTUSD.P   Bitcoin
8 days consolidation Exposed Growth to the area of High resistance 9180$ Bitmex. Positive news from Soth Korea(legalization of cryptocurrency trading) has also been helpfull to this way up. As a result traders became more bullish.At the moment i see a real menace to fall dawn from the area of 9200-9400$. Invalidation (break out 9650$). In the graph i illustrated a possible H&S with the trigger line of 8390$ which might take us to 8000-7800$ for 1 BTC. Thats why i urge you to be extra Cautious. I wish you pleasant and profitable Trades).





$
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.