Bitcoin broke the major support last week. Similar to other cryptocurrenry, it is at the tip of huge decline with near indication on trend reversal. Lazy Trend Crypto has spotted 3 short opportunities on H1 timeframe last week, and all three closed in profits - more than 10% profits in 1 week.
In the coming weeks, we could see more potential sell off from buyers which may push the price higher. However, we continue to monitor the trend and trade cautiously in case there is any major pull back.
Lazy Trend Crypto still indicate a downtrend with no sign of reversal. All indicators are pointing South.
This week plan:
I will continue to look for shorting opportunities on H1 and M5 timeframes.
In the coming weeks, we could see more potential sell off from buyers which may push the price higher. However, we continue to monitor the trend and trade cautiously in case there is any major pull back.
Lazy Trend Crypto still indicate a downtrend with no sign of reversal. All indicators are pointing South.
This week plan:
I will continue to look for shorting opportunities on H1 and M5 timeframes.
