BTC / USD Short oppertunity

27 ก.ค. 2018

After the SEC announcement to reject the ETF for BTC, expect the market exuberance to dissipate over the weekend and coming week. This coupled with the price cross below 200 WMA on the 1H, Pivot reversal sell, and MMAR showing red is (to me) a strong short signal. Ambitious target would be Fib retracement at 7465, but call it 7500 for the round psychological number. Stop loss @ 7990

Have a good weekend