David_Smith
Short

BTC|USD - Bearish Divergence

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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Something ain't right on btc . We got a bearish divergence. However we have a bullish flag on 12H timeframe. There are some more controversial signals like bearish engulfing by daily and bullish flag pattern as I mentioned. The most interesting thing is that we are between strong support zone and strong resistance zone .

So we can put a small risk on this bearish setup and go short with stop-loss somewhere above 9800 in order for bearish divergence works out.

Do not take big trades until price passes either strong support or strong resistance!

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Peace Out!

Not a Financial Advice

Comments

your work is awesome) price seats on critical support now
+1 Reply
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