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TradingTie
Aug 25, 2018 12:40 PM

Bitcoin Sell Short - Trading Idea - 25-th August 2018 Short

BITFINEX:BTCUSD240
Bitcoin / DollarBitfinex

Description

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Bitcoin Medium Term Swing Trade

In next couple of days our expectations are Bitcoin to drop at least 20% to levels over $5'300

Stop levels are above first time manipulation with Bitmex over $6'900.

Price action confirms price will drop significantly in next 3 days, then 1 day up /like 3-4%/ then final downwards volatility 1-2 days.





Trend AnalysisHarmonic PatternsWave AnalysisBitcoin (Cryptocurrency)BTCUSDBTCBTCUSDTCryptocurrencycryptocryptotradingbitmex
Comments
Its_Gui
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I would've put a stop loss a little bit higher considering the 38.2 fib very close from your levels. But we do share the same perspective. Nice work ! Feel free to check this TA and let me know your thoughts ! Keep it up.
TradingTie
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@Cryptosaurus_Rex, Nice prespective, which indicates one more bear run downside. Thank you
NFL561
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I like this. Following!
TradingTie
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@powellpace, Thanks
ThierryHe
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nice chart!
TradingTie
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@HeJiangHe, Thanks
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