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samiraad1994
Mar 12, 2023 11:51 AM

BTC SHORT 4H CHART Short

Bitcoin / U.S. dollarBitstamp

Description

Clear regression channel on BITSTAMP: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.
Comments
Trash-pickle
Great analysis, the stoch is a dead giveaway.
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