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UnknownUnicorn3773516
Dec 29, 2018 2:49 PM

BTCUSD - Short set-up Short

Bitcoin / United States DollarCoinbase

Description

4hr stochastic is capped which suggest the end of the bullish momentum. There is a clear bearish divergence between the Stochastic RSI and price action that suggests bearish continuation.

My trade setup: This corrective bullish wave will be followed by a violent bearish wave that will invalidate the inverse H&S.

My long term plan can be found here:
(timing is obviously off but targets are still in play).

Trade closed manually

Close the short at 3690.
The 4hr timeframe looks quite strong and I prefer to be out of position
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