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ARESABI
Sep 28, 2019 10:59 AM

BITCOIN - Ascending Triangle & Bearish Indicators Short

Bitcoin / U.S. dollarBitstamp

Description

An ascending triangle on lower time frames is forming.
MACD about to cross bearish below 0.
Stochastic RSI is verifying our entry as follows

Position Size: 5%
Entry: 8200.00 (Short)
Stop Loss: 8400.00
Target: 7400.00


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Disclaimer:
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Comment

Getting closer
Comments
Rakem777
Ascending triangles usually break towards the trend that preceded it. Hence why its called a continuation pattern. I'm prepared for either direction but leaning towards bullish
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