ThinkingAnts
Short

"Sell Setup" BTC/USD by ThinkingAnts

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
1H CHART EXPLANATION:

- After the Break out of the Ascending Trend Line with a previous Bull Trap, Price is on a Pennant Continuation Pattern.

- We will be waiting for a retest of the Minor Resistance zone (top of the Pennant Pattern) and then for a Break out of the structure, looking for a down movement towards 4859.8 to close our position.

- For the full Top and Bottom analysis check our previous post on BITCOIN , linked on the post.

Comments

@ThinkingAnts Buddy cool design, I like
+1 Reply
ThinkingAnts IgorPorokh
@IgorPorokh, Thanks for the comment!
+1 Reply
good analysis 10/10
Reply
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