persistent_edge

BTC Entry trigger short down to at least $18000

Short
BITSTAMP:BTCUSD   Bitcoin
This would be a good place to get short on BTC as the flag breaks down showing supply has come into the market. There's now a high chance the range will fill down to at least 18000 and then price action will show the balance of supply and demand in the market as to what happens next.
If it does snap back from the low of the flag and break higher, that will show there is not size selling and we will rotate back up to the top of the range.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.