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MarcusRump
Aug 26, 2021 1:33 AM

BTCUSD Short

Bitcoin / TetherKuCoin

Description

DOwnside coming. As mentioned in the last post I will probably be wrecked but Im bear.

In all scenarios that looks like an ascending triangle up to resistance. Lets see

Comment

25% leaving to run :)
Comments
patriot68
more explanation please.

thanks
pratikthakker
bruh you have used a 15 min time frame to analyse a coin which is open 24h for trading? chances of failures increase when you use a time frame as low as 15 mins on coin which is open for trading 24/7
MarcusRump
@pratikthakker, I used all the time frames actually.. and came down to the 4 hourly and 15 minutes.. On the daily there is a lot of bearish pressure on the daily as well.. what happened today is just a retrace and bounce.
MarcusRump
MarcusRump
MarcusRump


I meant to sent this. Sorry
pratikthakker
agreed moreover there's this 61.8-65% fibo level providing great resistance lets see how it goes
pratikthakker
@MarcusRump i guess you mean rising wedge? cause that's a bearish pattern while an ascending triangle is a bullish pattern imo
MarcusRump
@pratikthakker, yes sir youre an ascending triangle is bullish. My.mistake
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