CryptoDre18

10.5.2019 - XBTUSD 4H Outlook

Short
BITMEX:XBTUSD.P   Bitcoin
Good morning all!

I have had a great month of September and managed to multiply my trading stack by 5 times! Hopefully you have been following my TA and earned profits as well.

That being said, I'm really looking forward to the month of October and increase my trading stack even more!

Now let's see what the technicals say.

We are still trading in a bear flag and a channel of downward angle has been formed.

Confluence of resistances lie between 8500 and 8800 whereas the support is resting below between 7200 and 7400.

In the past minutes ago, the short term uptrend line has been broken and the price action fell through the cloud, suggesting that a crash may be imminent.

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