Hello everybody, This will be a weekly Bitcoin/USD Traiding Update.
So you will know my game plan for Bitcoin this week.
Long or Buy.
Right know Im going short on Bitcoin.
Stochastic Indicator Shows that Bitcoin right now is over sold
Bollinger Bands - Short on Bitcoin
Fib Retracement - Short on Bitcoin
As you can see on the picture , I draw trendlines. Trendlines show that we need to wait to be 100% possitive. But I think BTC will break ressistance 7090$ and that will be strong Sell signal.
But Right now Indicators shows us that we need to take Short Possition on Bitcoin.
My Possition is Neutral, I will wait. But if it breaks Triangle/resistance I will go for Short.