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mhfcrypto

BTC: Diamond-Top potential (Reversal) - SHORT

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Bitcoin (BITSTAMP:BTCUSD)  
mhfcrypto Uppdaterad   
BITSTAMP:BTCUSD   Bitcoin
Harmonic Patterns Chart Patterns Technical Indicators BTC Bitcoin (Cryptocurrency) BTCUSD BTCUSDT
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harmonicpatterns chartpattern indicator btc bitcoin btcusd btcusdt
You can wait for a break to the downside - maybe where the yellow circle is - and the wait for a re-test of the underside, and then potentially Short.

High-Risk players could Short now at circa $8050.

Always use Stop Losses.
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snapshot

Interestingly, BTC was just about to break Bearish out the bottom-right side of the Diamond, and then Bulls showed up. But note the weak bull volume on that Bull move.

Now, we're in a potentially Bearish Wedge. BTC Traders have moved to Alts.

This could be the top of BTC... or will investors flood back into the BTC after this Alts move?

No Trade Zone for me right now. Let's watch and see.
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