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CryptoNo0b
17 feb 2018 20:07

Bitcoin short opportunity Kort

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Beskrivning

As we can see on the 4 hour chart, bulls are failing to cross the resistance at 11,000
Three doji's at the top, implies a failure and we'll likely witness a fallback.

Remember that Bitcoin is bullish at the moment, so this will be a risky shot.
Another indicator to support this short is oversold RSI at 4 hour chart.

Happy trading :)

Handel aktiv

10,714

Kommentera

Targets:

1) 10,576
2) 10,469
3) 10,362

Kommentera

It's going up. I'll add more to my short at 10,850 (if it reaches that) to average out.

Kommentera

Bitcoin is holding strong. let's set stop loss at 10,950

Trade stängt: Stopp nått

Kommentarer
RyanPal
Your targets are too weak imo, its a reversal on 4h frame, easily possible to go to 9.7k-9.3k
CryptoNo0b
@RyanPal, These are short term targets and I'm not overlooking BTC's bullishness at the moment :)
akhalifeh
ascending triangles don't lie..
drop is coming after finishing the wave...
CryptoNo0b
@akhalifeh, Ah, I didn't spot that. What time frame are you looking at?
akhalifeh
@CryptoNo0b, it was clear on 1 hr Frame.. lets see if what we are seeing right now is a retracement or hard reversal.
akhalifeh
we have an ascending triangle, more probably gong to 11.2 k and then a correction of the wave.
Mer