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ThinkingAnts
Apr 12, 2019 12:02 AM

"Sell Setup" BTC/USD by ThinkingAnts Short

Bitcoin / DollarBitfinex

Description

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