Suckers rally over :) Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ Apr 7, 2020 6:19 PM

Did you miss the BTC bottom? Don't worry, I think a new opportunity is coming. Bottom might be in, but this rally is not yet taking us to the moon.

Trade closed manually

⋅ Apr 17, 2020 8:07 PM

I close short, too risky. I try to short higher, and took long now.

Support and Resistance

Comments

VincePrince

⋅ Apr 7, 2020 8:14 PM

Thanks for the update, I see similarly on the situation

origliante

⋅ Apr 7, 2020 7:03 PM

And you say that just by throwing a random line there?

kullervo88

⋅ Apr 7, 2020 7:08 PM

@origliante,

kullervo88

⋅ Apr 7, 2020 7:10 PM

@origliante, Yes, just like February 2nd

origliante

⋅ Apr 7, 2020 7:11 PM

@kullervo88, in that case bitcoin got rejected by the daily trendline after passing the weekly trendline for a few days,
but now? that's your analysis besides that line?

kullervo88

⋅ Apr 7, 2020 7:19 PM

@origliante, You mean yellow lines? They show hidden bearish divergence. See also this, you can see when the price "wants" to come down.

origliante

⋅ Apr 7, 2020 7:20 PM

@kullervo88, LOL sorry man I did not see the RSI below ^_^ thanks for adding all the info btw :)