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SeranFinance

BTCUSD 10/3 Short Term Analysis

Short
Bitcoin (COINBASE:BTCUSD)  
SeranFinance  
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators btcusdshort BTCUSD
5
2
trendanalysis chartpattern indicator btcusdshort btcusd
Position Short at 8200~8250
Stop loss at 8400

Reasons:
O Channel down pattern, current falling after hit by huge resistance at 8500
O Volume decreasing and almost dying since September 25th
O RSI rising by touching support, but currently decreasing towards the support
O Appears to face support at 7800 zone
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