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a1mtarabichi
Aug 5, 2019 8:17 PM

BTCUSD higher HIGHS and lower LOWS NEXT STOP: 13.2k Short

Bitcoin / U.S. dollarBitstamp

Description

Short at $13,320 TP

Higher high indicated on white horizontal


R1 & R2 resistance thresholds needed to cross indicated in yellow

With the DOW SPX & NASDAQ taking its third trade day triple digit loss consecutively -- this is rocket fuel to propel BTCUSD (coupled with 0.25% interest rate cute && China Trade wars) leaving a lot of uncertainty and room for FUD in the markets.

This is also why we're seeing a rise in precious metals such as GLD AUX & etc.

  • [*]STOP @ red line && stay tuned for further analysis.





Disclaimer
Not financial advise. Set your stop losses always and your TP exit as an alert/alarm! Don't be greedy. Will update later -- but incase I'm too late / busy: you have your figures & your stop loss. Volume seems to indicate we're on track here.
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After a solid 5 days of stagnation; the sideways priceaction is done for and we are on par for course...
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