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

Bitcoin / U.S. dollarBitstamp

Description

⋅ Jul 10, 2020 1:57 PM

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.

Comments

bazzz21

⋅ Jul 10, 2020 2:35 PM

great simple analysis thank you.

TheSignalyst

⋅ Jul 10, 2020 8:43 PM

@bazzz21, thank you, dear! much appreciated

heish

⋅ Jul 10, 2020 2:28 PM

Great video, thank you for the analysis.

TheSignalyst

⋅ Jul 10, 2020 8:43 PM

@heish, thank you for your feedback!

TheSignalyst

⋅ Jul 12, 2020 10:18 PM

@heish, thank you Heish. Best of luck

RX_Wolf

⋅ Jul 11, 2020 4:20 PM

I totally in line with your analysis, I have put my eyes on the pattern since June.

TheSignalyst

⋅ Jul 12, 2020 10:18 PM

@RX_Wolf, perfect 👌 glad to hear that. Good luck.

Phi-Deltalytics

⋅ Jul 10, 2020 5:38 PM

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?

TheSignalyst

⋅ Jul 10, 2020 8:43 PM

@Phi-Deltalytics, Good one!