BTCUSD-LT SELL
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Just revisit of the M-top we got a neckline around $ 35,000. The current SMA strength indicator seems weak and weakening, and this while we have not move much higher.
I feel we are on the verge of a sharper move lower, and selling in rally when seen is likely the better strategy.
Strategy is therefore, SELL @ 41,000-43,000 and place stop-loss above $ 52,000. The profit objective is below $ 10,000 but place profit order for now at $ 17,500.
