TheSignalyst

BITCOIN - BTCUSD Sell Setup!

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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on DAILY: BITCOIN is sitting around a strong supply and round number 20k so we will be looking for sell setups on lower timeframes.

on H1: BITCOIN is forming a channel in red and green trendline, but it is not valid yet, so we will be waiting for a third swing to form around our lower red trendline to consider it valid and sell on its break downward.

Trigger: Waiting for a momentum candle close below the gray area to sell.

NB: Until the sell is activated, this one would be overall bullish .

Good luck!
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

Good work
+1 Reply
TheSignalyst Protixder
@Protixder, thank you!
Reply
Nice video. Thanks for sharing.
+1 Reply
TheSignalyst CollegeofPips
@CollegeofPips, my pleasure!
Reply
Accurate analysis as always @TheSignalyst
Reply
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