AyKay-Trading

New test of $3,200 support level

Short
AyKay-Trading Updated   
BITSTAMP:BTCUSD   Bitcoin
  • Rising wedge on the 4h time frame with declining volumes => Bearish
  • Rejection of the $3,480 resistance level => Bearish
  • Sell signal on Stoch RSI 4h (lives crossing each other) => Bearish
  • Lines on the Stoch RSI Daily getting closer from each other => Bearish
  • BTC is touching the ascending trend line of the RSI on the 4h timeframe => Bearish
  • Ichimoku: The price is below Tenkan Sen and Kijun Sen on most of time frames => Bearish
  • Ichimoku: Lagging span (Chiku Span) is below Tenkan Sen and Kijun Sen on most of time frames => Bearish
  • Shorts on Bitfinex are relatively low => Bearish
  • Longs on Bitfinex are relatively high => Bearish

Shorts (Bitfinex)

Longs (Bitfinex)
Comment:
Entry for a short: BTC crossing with volume the lower side of the ascending wedge.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.