Bitcoin-Short Term Chances

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Bitcoin has been rising along a lower trend line over the last 24 hours and like many of the other coins is showing a strong price move on the 15 minute chart. It's now trading above short-term resistance that was around 8375-8400 area. Initial stop loss around 8090 to 8249 offers a reasonable risk/reward ratio. Just remember that the main trend on the daily is still negative, so any trades done on shorter time frames have a much higher probability of failure.

*All ideas are for informational purposes only. They are never recommendations to buy or sell.*