JimmyDoesASX

Short idea for Bitcoin - BTCUSD

JimmyDoesASX Updated   
BITFINEX:BTCUSD   Bitcoin
With no increase in volume for BTCUSD foreseen, my idea is that the price will continue downward, with a respectable SL and initial TP level - the risk/reward ratio is there.
Trade active:
Volume remains the determining factor, I belive, for BTCUSD. This idea remains valid with the stochastic indicator moving downward.
Trade closed: target reached:
Target achieved quite easily. Don't be a speculator, know your stuff and you'll come out a winner.
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