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Crypapi
Dec 4, 2017 10:09 PM

BTCUSD Short

Bitcoin / U. S. DollarKraken

Description

Hi there traders,

My view on BTCUSD

The late media and hype pumped BTCUSD up to the skies, I believe it will continue but first needs a proper correction.

Last wave topped over previous high, and triggered quite some stoplosses on short position, i believe the last wave is BULLSH*T =)

As we can see the RSI and Imochi clouds signs for a correction, and I believe it will fall straight through the clouds for a retest around 9k area, If we see a HS completeion we might see further selloff.

Im in this margin trade short from 11400 USD:ish.. And i believe it can be a good profit trade with aprox of a week head of us.

Lets see if we get stopped out or not!

We need to see a retracement, possibly 0,5 levels not even looking for 618.

As we see there is a Head and Shoulder forming - What BTC will behave after this formation complete time will tell.


Play safe and good luck!

Comments
tereskapl
rekt
Crypapi
There is no doubt a huge beartrend is comming now, im not even doubting it.. Let's wait and see :)
Crypapi
Price action keep going upwards while RSI and MACD going down, we should see a huge correction soon. (1-3 days)
Techwali
@Crypapi, Dec 10th. Remember the date.
tereskapl
bye bye 13k+
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