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Selling Bitcoin (Symbol: BTCUSD) From $7,900 Again

2018-02-11_BTCUD

BTCUSD 3-day price chart – Bitcoin did not yet reach our $9,500 target and reversed from $9,080 in what looks like a bear trap. Due to the negative technicals and to protect our NEO long position we now sell short Bitcoin again from $7,900 level.

 

1 Comment

  1. Just closed the short position by buying back BTCUSD  at $8,900.
    Extreme compression of volatility with prices just below resistance.
    A big move is coming that could be either way.
    We don’t want to take the risk to stay long and give back the profits made on the previous short.

    Reply

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