ARESABI

BITCOIN - Target reached! 58% Profit - What's next? (SHORT TERM)

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ARESABI Diupdate   
BITFINEX:BTCUSD   Bitcoin
The ascending triangle played out as expected - another sharp drop to 7800.00 happened.
We took full advantage all the way down from 8400.00 with a leverage of 7x.
58% profit - Great trade!

Now it's time to see if our major support zone (located between 7800.00 - 7900.00) is strong enough.
I'm expecting the price to bounce from here to 8400.00. The downwards movement will continue from there.
A long position would be too risky. Let's see what's next.

leave a thumbs up if you like my idea and let me know what you think!
This will keep me motivated :-)

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Komentar:
The bulls are very weak. I don't see a retest of 8400.00 anytime soon.

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