Hello traders!
Bitcoin is in downtrend since 2017.12.17. We see lower lows and lower highs. Since 2018.01.29 we can see a main support line at $11863. I drew a triangle around the chart, but it broke this triangle and continues falling down. The RSI and Stochastic shows that the price will go lower. If the present candle closes under the triangle, I think that a short position is not a bad idea.
Follow me for new ideas.
I will update this.
Bitcoin is in downtrend since 2017.12.17. We see lower lows and lower highs. Since 2018.01.29 we can see a main support line at $11863. I drew a triangle around the chart, but it broke this triangle and continues falling down. The RSI and Stochastic shows that the price will go lower. If the present candle closes under the triangle, I think that a short position is not a bad idea.
Follow me for new ideas.
I will update this.
