TheSignalyst
Short

BITCOIN - BTC/USD - waiting for a trigger to sell

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
on WEEKLY: BITCOIN is still sitting around a strong rejection area so we would be looking for objective sell setups on lower timeframes.

on H4: BITCOIN formed an objective descending triangle in red so we are waiting for a momentum candle close below our lower red trendline to sell.
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

great simple analysis thank you.
+3 Reply
@bazzz21, thank you, dear! much appreciated
Reply
Great video, thank you for the analysis.
+2 Reply
@heish, thank you for your feedback!
Reply
@heish, thank you Heish. Best of luck
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I totally in line with your analysis, I have put my eyes on the pattern since June.
+1 Reply
@RX_Wolf, perfect 👌 glad to hear that. Good luck.
Reply
Nice Heads-up!
BTC short-term holding is currently fluctuating in the 25% - 30% zone of the entire supply. This is similar to the development ahead of the 2017 bull run. We may correct in the short-term, but definitely bullish for the long run.
What do you think of the setup below?
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TheSignalyst Phi-Deltalytics
@Phi-Deltalytics, Good one!
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