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E_Trade
Feb 17, 2018 1:57 PM

BTCUSD_M15_Derivatives analisys Short

Bitcoin / DollarBitfinex

Description

If derivatives will confirm price swings, and shorts will became stronger on long's weakness, i see a short scenario considering the previous posts, if the weekly key level will be confirmed with a bearish momentum breakout and if the actual lateral market will create a distribution situation as mentioned before.

I also know that on the M1 chart we are ATH , with several increasing minimums , which could represent another bullish setup if the long period trendline will be violated.
By the way, there's not a short period entry setup yet, we have to break the round 700 and after the price has to show up a short pattern to confirm the analisys and to follow the short Key levels mentioned.

Comment

Short derivatives are increasing!

Trade closed: target reached

First target reached at 10.250 as mentioned in the previous posts "Monthly Key levels map". I've scaled out an 80% of the position size to be quite, save profits, and enjoy the weekend!
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