Bitcoin short BTC Technical Analysis based on ConfluencesteemCreated with Sketch.

in #bitcoin6 years ago (edited)

Hey Steemians,
This is not financial advice. Remember to do your own research.

Careful going long on BTC right now since price action and the notes I have added to the image below suggest we are probably going to be going down. Notice all the hard wicks across the top. If you know a thing about price action this should be a red flag for you.

Continue reading my analysis in the image below and let me know what you think!

Remember to use a stop loss and don't go crazy with leverage.

Happy trading.