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Moshkelgosha
May 25, 2020 5:31 PM

Failure after Failure in BTC Short

Bitcoin / U.S. dollarBitstamp

Description

Some people like charts crowded with multiple indicators, oscillators and lines, some other people like simple working charts!
For those who like simple charts:
1- Bitcoin failed to cross up its down trend line twice in the May and made a Double Top pattern.
2- Bitcoin has crossed down 10 days SMA(low) and 20 days SMA(close).
3- Bitcoin has just penetrated the up trend line since March 13th.
If you are not convinced that Bitcoin is going to sink down, wait for the coming weeks!

Trade closed: stop reached

Comments
fastcasher
Finally a chart with numbers big enough to read. Thanks!
Moshkelgosha
@fastcasher, you’re welcome
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