potential BTC short, target low 8k area Short

Bitcoin / DollarBitfinex

Description

⋅ Jul 27, 2019 9:34 AM

Idea invalidated if close above 10300 resistance.

⋅ Jul 27, 2019 10:42 AM

Well, this happened faster than expected.

⋅ Jul 27, 2019 11:34 AM

After such a flash crash, it would not surprise me if price now ralleys back up to resistance level again before finally breaking down.

Comments

Crypto-Coin-Trader

⋅ Jul 27, 2019 9:46 AM

Short yes, but maybe not 8k ... look at my chart and scroll to left (2015)
The 21 week ema is a huge support, maybe even in 2019 :)

s-h-o-c-k

⋅ Jul 27, 2019 9:52 AM

@Crypto-Coin-Trader, thanks! I'm looking into 8200 - 8500 for potential reversal setups.

transparent-fx

⋅ Jul 27, 2019 9:38 AM

thanks for sharing your work, in the end the market is our true teacher, i'm sure you will enjoy also my work, take a look if you want