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BtcBtr
Apr 27, 2019 9:51 AM

Bitcoin Started to Distribution of Phase D Short

Bitcoin / U.S. dollarBitstamp

Description

Weekly rsi was overbought and it has sell pressure from the weekly ma50 so I think we just started to Phase D of distribution. Before to rise again, rsi needs to take breath also we need to check support lines. This brings a short opportunity here.

Short between 5250-5150.
Tp1 : 4920
Tp2 : 4780

If support lines broke,
Tp3 : 4620
Tp4 : 4480

Stop Loss: over 5350.

This is my first post in here so all kindly criticism and suggestions are welcome.
All the best and good luck for you.

Trade closed: stop reached

Comments
CryptoEngineering
We will see how the month ends in 2 days. Good luck on your trade!



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