Art_of_Trading

BITCOIN (BTC) Structure Trading

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BITFINEX:BTCUSD   比特币
The BTC price did not make much move last few hours. It is in the same area around 8900 and none of the participants (buyer and sellers) taking the initiative to control the price. The market is getting close the next structure level at 9100 that acts as resistance. This is the area, where the most selling orders are most likely placed. Thus, it creates the opportunity to go short. Wait for the market to touch the reversal area and after the selling momentum confirmed, sell it.
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