Bitcoin (BTCUSD): Shorts Fired

1 Ara 2017

Previously on the show, we opened long positions anticipating new all-time highs. This turned out to be a solid deal from $8243 to $9300.

Presently, BTC is sliding downward. We anticipate a deeper correction and keep $8500 in sight.

1 Ara 2017

Not

As for stop-loss, H4 candle close above $10 200 will negate the bearish scenario:

1 Ara 2017

Not

The break of 10 200 should lead to 10 550 and higher:

1 Ara 2017

Not

10 500 hit. Yes, it could go higher to make a new ATH and form a bearish divergence necessary for the next bearish setup. Looking for longs above 10 550.