Bitcoin shorts from 6500/6550 looking at potential profits of over 1500 pips

Jason Sen DayTradeIdeas.co.uk

Bitcoin

Bitcoin shorts from 6500/6550 looking at potential profits of over 1500 pips now as we break below 5000. We wrote: A break below this psychological round number will be the next sell signal in the bear trend.
It sure is! Next target is 4390/4350.

Bulls need need the price to at least hold above 5100 to target 5200, perhaps as far as 5400 but this is a severe bear market, in a state of panic & is likely to be met with selling at each opportunity.

Author

Jason Sen

DayTradeIdeas.co.uk

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens.

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