This is an Update for:
After breaking the $7400, now BTC entered a range between the two ($7800~$8000 and $7400) Support and Resistance. ( 61.8 Fibo on $8000 )
The second test of $8000 is probable. BUT the 2D Death Cross is confirmed a long time ago and now the Price action tested the 2D EMA200. I entered a short position based on 2D EMA200.
As long as Bitcoin is below that moving average, I'm bearish and covering my short positions.
After breaking the $7400, now BTC entered a range between the two ($7800~$8000 and $7400) Support and Resistance. ( 61.8 Fibo on $8000 )
The second test of $8000 is probable. BUT the 2D Death Cross is confirmed a long time ago and now the Price action tested the 2D EMA200. I entered a short position based on 2D EMA200.
As long as Bitcoin is below that moving average, I'm bearish and covering my short positions.
Without Risk and Position Management, You WILL Lose Money.
