Labworx

Bitcoin Sell Idea

Short
BITSTAMP:BTCUSD   Bitcoin
As long as the last high is respected I will be looking for a sell opportunity.
The Daily shows a double wave up with bearisch divergence.
www.screencast.com/t/gt0jPVJ6qZ0C
The H4 chart shows a bearisch convergence that might indicate a reversal.
www.screencast.com/t/uSha44DXJuO
Agressive entry would be to attack a bearisch hidden divergence on the H4.
The H1 already shows a bearisch divergence at a strong resistance level.
www.screencast.com/t/2ORlwEM80
That makes 3 TF's alligned to the downside.
Conservative would be the break of the daily bottom TL.
www.screencast.com/t/dCgZl7fxM

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.