BTC:Bearish and bullish views

in #trading6 years ago

A quick update showing bullish and bearish views on BTC with simple trade setups and stop losses

Chart 1: Bullish view.
RSI could still go down further to test the trend line, price might remain neutral for today, drop a little testing the trend line before moving up.
Profit taking is at key resistance areas and stop loss is set just below the trend line, below 7K
www.tradingview.png

Bearish view:
Unlikely considering how much we have already declined, but it is still good to be prepared just incase.

www.tradingview.png