BTCUSDSHORTS @ ATH: reason for a (temporary) trend reversal?!

Bitcoin / DollarBitfinex

Description

⋅ Dec 8, 2018 10:49 AM

BTCUSDSHORTS as Leading Price Indicator.

SCOPE OF ANALYSIS:
- BTCUSDSHORTS (bottom)
- BTCUSD (Pricelevel)

Expected:
Temporary price reversal based on ATH BTCUSDSHORTS

BTCUSDSHORTS - BTCUSD prices behaves mostly in the opposite direction.

Keep in mind an ATH of BTCUSDSHORTS doesn't mean BTCUSD bottom!

Although a short term price reversal is likely, my 1-3 month outlook remains bearish.

Tump-up if you agree!

Best,
Bavo

Comments

UnknownUnicorn493766

⋅ Dec 8, 2018 11:00 AM

I would need to see price break above 3640 level and the most recent stand out swing low on the 4Hr. EMA's are trending down as well, i think this goes lower yet. I have MACD Convergence on the 4Hr as well.

vjsharma89

⋅ Dec 8, 2018 6:06 PM

@gremic, I've similar trade setup.
Won't LONG until 3640 breaks.

CryptoFido

⋅ Dec 17, 2018 6:30 PM

PreciousMetalsForecast

⋅ Dec 13, 2018 2:10 PM

This is good info...I expect that major consolidation at 6k to be tested aggressively..

Planb777

⋅ Dec 12, 2018 4:57 PM

5 +++

alexcph

⋅ Dec 9, 2018 8:15 AM

This weekly close candle is VERY IMPORTANT. Heres WHY.

ArShevelev

⋅ Dec 8, 2018 9:55 PM