Bitcoin Short Term Trades

The market is going to reach the downtrend line and we can expect a possible breakout. If price passes through this resistance line, it will be long opportunity. Buy above the downtrend line with take-profit orders near 2750.00 level. Stop orders for long trades should be below 2450.00 level. If price bounces from the downtrend line and breaks the uptrend line 1, we'll have short opportunity. Sell below the uptrend line 1 with profit target at the uptrend 2. Stop orders for short trades must be placed above the local swing high.

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