arthax0r
Short

BTCUSD - Not Quite but Almost a Good Time to Set a New Short

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Channel is getting a bit wide but it's reaching for the resistance..highly doubtful that it will break through. Pretty much the same setup as my ETH chart a few minutes ago, but left this one in log scale. Currently at the end of a false bull flag in the short charts, I call this sideways death cycle "flopping around like a fish out of water".
Comment: This little pump over 8,100 should be the last gasp for this resistance bump, set your shorts!
Comment:
Comment: In above image, notice the RSI downtrend and the lack of volume to support the little one hour pump..approaching the resistance in this scenario is not supportive of a solid .. or any.. break thru of the resistance.
Trade active:
Comment: Bounced .. my placements might not be perfect.. but neither is the market :)
Maybe called that a little early... I just set my short at this new ~8340 level. Might climb towards 8500 before the slide though.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out