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Gustav_Z
Dec 16, 2018 2:20 PM

Dumping again? Short

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

BITMEX:XBT
After our last successful short, we had some kind of a correction upwards and now it seems like we're ready for another short position.
We can see that we had some kind of a double top and an immediate fall after that, our RSI and STOCH look like we ran out of power and starting to go down again and showing signs of divergence.
Parabolic SAR has flipped, MACD is about to flip to the downside and our Ichimoku cloud is acting as a resistance

and of course we're waiting for nina to confirm this ;)

I will wait for as many confirmations as i can before opening a short position but this is worth keeping a close eye on
Comments
yosilacohen
Excellent analysis, bro! :)
Marcelvv
Good job mate! :D
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