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Trader6127

BTCUSD | 4HR Short Trade Setup

Short
Bitcoin (BITSTAMP:BTCUSD)  
Trader6127  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTC Bitcoin (Cryptocurrency) Cryptocurrency 2k19cryptoreversal 2k18bearmarket
6
0
trendanalysis chartpattern indicator btcusd btc bitcoin cryptocurrency 2k19cryptoreversal 2k18bearmarket
Confirmation: 4040.86 (early) / 3916.87 (late)
Invalidation: 4193.82
Target: 3660.25
TF: 4HR
Leverage: 3x
Pattern: 1) three drive reversal with 2) previous bearish rejection candle (high risk of double top) and 3) weekly EMA200 resistance.

snapshot

Breakdown of the channel will also breach the EMA50 on the daily:
snapshot

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BTCUSD | 60% Daily Short Trade Setup
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