Is bitcoin ready for shorting
IMHO the bitcoin is rather overbought and the time before Chrismass when many people will prefer to cash out and others to withdraw investments after first bears will be enough to revers the bullish trend.
Looks like the downhills trend started couple of days ago and we could expect a correction is occurring at the moment.
I do expect this correction to complete at 15.4-15.6k and then much stronger sells to occur.
Sell within the aforementioned zone with stop loss around 16k and take profit at 12.8k and then at 11.5k
Happy bloody Christmas everyone !
Looks like the downhills trend started couple of days ago and we could expect a correction is occurring at the moment.
I do expect this correction to complete at 15.4-15.6k and then much stronger sells to occur.
Sell within the aforementioned zone with stop loss around 16k and take profit at 12.8k and then at 11.5k
Happy bloody Christmas everyone !
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