altcoin_invest
Short

short-term meridian, fib and cloud are touched. (#bitcoin)

BTCE:BTCUSD   Bitcoin / Dollar
As you see, we just hit a meridian of our shortterm uptrend channel which is at the same tame our 0.5 fib speed resistance fan. As we hadn't the waterfall for that uptrend I would comment: buy. But by beeing in our situation ppl             are going to sell more and more as higher our fib level is. (that's are normaly the short-time trader taking their profit)
So, for the next minutes I'm neutral (if I seperate this TA from all my others), waiting to touch a higher lever to put more short order into the market.
Otherwise, if the market deside to break the channel befor I could set some more short order I will follow the trend.

(Ps: With the most of my stack I'm already short, but middle-term invested. This TA shows just some of my short-term moves. Short term I'm traiding smaller amounts)

Why the hell I'm middle-term invested in short?

Possible H&S formation, meridian of middle-term and long-term channel are hitting by the price at the same time just to crash after that. Ichimoku cloud and RSI confirms it....and so on.

More Infos you'll find here:

Possible H&S:
H&S formation in a middle-term uptrend and a longterm downtrend


Hit the meridian of a long downtrend channel, for a crash
Hit the meridian of a long downtrend channel, for a crash (btc)


Channel diving with XABCD pattern
Channel diving with XABCD pattern (bitcoin)
Ideas Scripts Chart
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