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IagoLemos
Apr 21, 2018 2:13 PM

BTCUSD Good opportunity to short Short

Bitcoin / U.S. dollarBitstamp

Description

Today, we got really close to the past resistance level (around 9080). If we break that resistance up, it would implicate we're on a bullish market. With that on mind, 9080 becomes the stop-loss for short entries. Now, in today's chart, we observe two things that might indicate a change in the current trend:
1) The volume bearish divergence: higher high's, but lower volume.
2) The RSI bearish divergence: higher high's, but without higher high's on RSI.
Now, with that in mind, if I observe a breakdown in the ichimoku cloud, I'd probably go short in this asset.
Don't trade my strategy blindly, I'm nothing but an amateur. Keep your money safe. Good evening.
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