BitcoinShort
Short Opportunity BTCUSD
Updated
DO NOT TRADE BASED ON MY IDEAS - I AM NOT EXPERIENCED AT THIS thank you
-In the 30m chart a temporary upward trend has emerged (note perfect 50% retracements with each peak).
-However the size of the jump is proportionally decreasing each time, the next proportional decrease in size leads to a double top.
-Double top at the 61.8% retracement level for the 4h/daily downward trend may indicate a new low is on the way.
-In the 30m chart a temporary upward trend has emerged (note perfect 50% retracements with each peak).
-However the size of the jump is proportionally decreasing each time, the next proportional decrease in size leads to a double top.
-Double top at the 61.8% retracement level for the 4h/daily downward trend may indicate a new low is on the way.
Note
Hovering below 2200 but no volume to the upward movement. Still think it's a solid sell...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.