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samiraad1994

BTC SHORT 4H CHART

Short
Bitcoin (BITSTAMP:BTCUSD)  
samiraad1994  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Support and Resistance Trend Lines BTC Bitcoin (Cryptocurrency) crypto short support 4hr regression Parallel Channel
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trendanalysis supportandresistance trendline btc bitcoin crypto short support 4hr regression parallelchannel
Clear regression channel on BTCUSD H4 chart. Looking for short trigger if $21400's is met but fails to hold. Taking profit at channel mid and channel low at $20000 and $19300. Invalidation is $21800 break out of channel and hold. Happy to re-entre trade once price re-enters channel. Take note of 12 and 21 EMA's compressing and rolling over for confluence, in addition to the Stoch RSI cresting back downwards.
snapshot
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