BTC risk to rewards are bad for longs. Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ Sep 14, 2019 9:20 AM

BTC not really having good R:R for longs.
Seeing descending triangle resistance.
Under daily Bearish Clouds
Declining volume for every rally(buyers exhaustion)
Impending Daily Death Cross(50-200 MA).
Whats your counter argument here?

Trade closed: target reached

⋅ Sep 24, 2019 8:14 PM

Comments

dimonle

⋅ Oct 8, 2019 10:58 AM

Great analysis, but im sure that this is not the end yet

TheEWGuy

⋅ Oct 8, 2019 4:47 PM

@dim0nle, yes i am also seeing same.