iamaltcoin
Short

Bearish divergence on BTC will see at drop from $354

BITFINEX:BTCUSD   Bitcoin / Dollar
Bearish divergence signals a good opportunity for a short - minimum target of $340 due to fibs and a previous order block.
iamaltcoin
2 years ago
we have reached $345 which appears to be acting as a major support. that along with KDJ and StochRSI being bottomed out/reversing, we might want to considering this our target. this is also right on the magic fib (70%) so feel free to close shorts
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iamaltcoin
2 years ago
Also we should conciderr the higher timeframe window. 4h has only just started reversing on StochRSI, which would suggest that we have downwards momentum, keep this in mind when trying to long, it might only be a short term play
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iamaltcoin
2 years ago
didn't quite get our target, but got a decent return, if your not closed out yet, you should be. I'll post again when i see a nice opportunity.
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