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usr32
Mar 9, 2018 12:06 PM

Short Entry @9300 SELLOFF NOT FINISHED Short

Bitcoin / DollarBitfinex

Description

$9300 is heavy resistance, i believe the selloff has not finished, recent bottom has to be tested again and perhaps even lower to $8000

Comment

I believe a "top" to be between $9200 and $9300. There is a rising wedge formation inside the "broadening (bottom) formation" and a positive divergence macd 15 min chart

Comment

correction: i meant to say negative divergence macd 5 min chart

Comment

Just went short @9000

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Just closed my short with profit, not sure if we have seen bottom or not.

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I think we have a bottoming on our hand, i am long @8800 with stops at $8650

Comment

Next important resistance @10,000

Comment

BTC above $9000 --> bottom

Comment

resistance $10,000 reached --> back to $8400 perhaps even to $8000
Comments
SamTaheri
thanks for update
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