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UnknownUnicorn2515706
Dec 21, 2018 11:44 AM

BTC-USD Bearish Divergence + Possible Dimond Top+Rising Channel Short

Bitcoin / US Dollar IndexBitMEX

Description

BTC-USD Possible Next Move Could Be Bearish

3 Bearish Pattern: Dimond Top+Rising Channel
1 Bearish Indicator: RSI 1 Hour Bearish Divergence

Comment

I am adding shorts from 4100 (channel top) will keep adding untill the channel get invalidated even if it goes 4400 will add at channel tops. doing 1-2x trades only pretty much volatile market so better stay away from high leverage. Good luck!

Trade active

Stoploss at entry and closing 25% here.

Trade closed manually

Closed Another 25% At 3800 Stoploss At Entry.
Comments
BitcoinNewb
Diamonds are a girls best friend.
UnknownUnicorn2515706
@BitcoinNewb, hahahaha nice one!
BitcoinNewb
Thanks I should have checked.
phstbasstrd
You could be right. Bear in mind diamonds can be continuation pattern too. If it breaks and hold above 4040 then this ship may just fly instead of sink.
UnknownUnicorn2515706
@phstbasstrd, yes waiting for confirmation since rsi showing bearish divergence and its on a rising channel so i am kind of bearish and dimond pattern does not works on btc (most of the time) i have seen many times dimonds got invalidated so focusing on the rising channel and the divergence lets see :)
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