SignalSwiss
Short

[BITCOIN] WEEKLY ANALYSIS

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Good morning guys!
After having published our daily analysis last week, today we will look at weekly charts. With this in mind, weekly and daily charts are not very different, if we look at the technical levels, we can see some similarities.
Having taken a short position around 13.200 (look at setup chart below), now we have to manage the position and look for some reversal patterns on minor time frames that could make our setup fail.
That being said, our view has not changed at the moment and most likely this week will be crucial for the pair.

DAILY ANALYSIS
(click on chart below)

OUR BEARISH SETUP
(click on chart below)

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Cheers.
Comment:
Trade closed: target reached: TARGET 1 HIT!
Trade closed: target reached: TARGET 2 HIT!
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Comments

You are expecting 50% retracement which is common but what makes me nervous is that "c" wave could go below "b" and this is very bearish scenario.
+4 Reply
Always waiting for your analyses. Great Job as always. Thanks.
+4 Reply
Were they calling you crazy when you posted this chart?
+2 Reply
SignalSwiss WorldEconomics
Reply
Your idea is possible... when this idea is realized, What dou you think for altcoin.
Best luck
+1 Reply
thanks
+1 Reply
Could you publish a new/updated btc idea please?
Reply
And now?
Reply
PERFECT! Target is done! Congratulations it worked
Reply
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