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CryptoAddict77
Feb 15, 2020 6:48 AM

It's really that simple - #BTC Short

Bitcoin / U.S. dollarBitstamp

Description

A small correction on medium time frames is well overdue.
If a local top is confirmed on the 12H chart by breaking the trend line we have two clear targets.

Good Luck and stay safe! (tight stops)

Comment

Consider closing 50-75% of short in the 7,550-7,650 area
Comments
MusclesCrypto_
I see this as a rising wedge on the D: Same end result

MusclesCrypto_
@MusclesCrypto_, there it goes

qumatru
definitely maybe. feels like it's too soon but we did fail to break above a good few times.
CryptoAddict77
@qumatru, Trade only valid if we break the trend line on a 4h closing basis
qumatru
@hubavka, i'm definitely still hoping to head to the upper trend line around 11500, staying flat for now, good luck if you already took the position!
CryptoAddict77
@qumatru, We are going to your target as per my long term chart

That will take time though. (a few weeks)
cmbezln
@hubavka, feel like maybe we can get a high tf ih&s with a fall here forming the right shoulder. Everyone is clammering that we'll never see below 10k again, which means we're heading below 10k imo
qumatru
@hubavka, gg!
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