Bitcoin - sell on 1H - short term trend line broke down
Dear traders and followers,
welcome to todays Bitcoin market update !
The Bitcoin price broke down from short term up trend line which is a bearish sell signal. We wait for retest of 16100$-16150 $ area before adding more short. We opened already yesterday near the top a first sell position, adding more sell positions at current price stages is too risky.
In medium term we expect a correction down to 12900 $ - 13100 $ area. Other ideas following in the next days when the current down move has been finished.
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welcome to todays Bitcoin market update !
The Bitcoin price broke down from short term up trend line which is a bearish sell signal. We wait for retest of 16100$-16150 $ area before adding more short. We opened already yesterday near the top a first sell position, adding more sell positions at current price stages is too risky.
In medium term we expect a correction down to 12900 $ - 13100 $ area. Other ideas following in the next days when the current down move has been finished.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support !
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
