BITFINEX:BTCUSD has recently broken down the downtrend channel (purple rectangle) with an interesting opportunity for a trade short. In the chart with candles at 4h you can see a strong red volume candle that highlights a large amount of money coming out of the market . So we approach the next level of support that we evaluate to be at 7200. After this could run again or go direct to the historical minimum at 6000$.
Trade stängt manuellt
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We close this trade with a small profit. The situation is uncertain and we want to wait for a breakout (see the last idea published). Our mind anyway is bull and we just waiting for a confirmation! Have a good trading!