BTCUSD: Sell channel towards 3645 at least. Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ Dec 4, 2018 10:51 PM

The price is currently trading within a 4H Channel Down (RSI = 43.283, MACD = -41.400, Highs/Lows = -28.0287). Yesterday's inability however to make a full Lower High near 4,100 has created a Falling Wedge within the Channel Down that is narrowing down towards a 3,645.00 target.

If we do however consider 4,034 as the Lower High, then it may follow the pattern's candle sequence that indicates a Lower Low around -12.50% from the High. This suggests a full distance sell TP = 3,530.

Always keep in mind that we are approaching the

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Comments and likes are greatly appreciated.

Comments

Mielie

⋅ Dec 13, 2018 4:01 PM

Thank you so much, George. This helped me so much!!!!

PaxPix

⋅ Dec 6, 2018 12:23 PM

Pathetic.

TradeIndicators

⋅ Dec 5, 2018 9:34 PM

We have our sell locked in as well! Great call!

InvestingScope

⋅ Dec 8, 2018 5:20 PM

@TradeIndicators, Thank you very much. Thanks for sharing your chart also.

minthooka

⋅ Dec 5, 2018 8:25 PM

We're going down a bit more imo

InvestingScope

⋅ Dec 8, 2018 5:20 PM

@minthooka, Thanks and well done.

minthooka

⋅ Dec 5, 2018 6:51 PM

I had something very similar. good call man!

Boon2

⋅ Dec 5, 2018 2:03 PM

BTCUSD H4 Update. Checkout the idea detail's and updates for the complete picture.