Bitcoin update
Please see previous post and also my short position analysis which seems to be playing out in my favour for now.
Small bullish bounce expected here - Also think we will see a double top print out at the Neck line but SHORT is still my position.
As expected bitcoin printing out the inverse head and shoulder pattern.
MACD has just crossed bearish on the monthly so I'm thinking this is a trap.
Rejection of 200ma
Small Bullish volume on the Daily
IMO - The Inverse Head & Shoulder Pattern is a TRAP and we will still see some more downside selling pressure.
I think a sell off to 25k with a bullish bounce to trap some more buyers then further down to 20k where we should find a bottom. HOPEFULLY!
Agree or Disagree? Drop us your view and opinion and give us a follow for daily trade ideas.
THIS IS NOT FINANCIAL ADVICE - I AM NOT A FINANCIAL ADVISOR - MERELY JUST A TA SPECULATER
ADVICE & OPINIONS WELCOME & I'm always happy to help out in any way i can :)
Tight stops, big profs. Happy trading :)
Small bullish bounce expected here - Also think we will see a double top print out at the Neck line but SHORT is still my position.
As expected bitcoin printing out the inverse head and shoulder pattern.
MACD has just crossed bearish on the monthly so I'm thinking this is a trap.
Rejection of 200ma
Small Bullish volume on the Daily
IMO - The Inverse Head & Shoulder Pattern is a TRAP and we will still see some more downside selling pressure.
I think a sell off to 25k with a bullish bounce to trap some more buyers then further down to 20k where we should find a bottom. HOPEFULLY!
Agree or Disagree? Drop us your view and opinion and give us a follow for daily trade ideas.
THIS IS NOT FINANCIAL ADVICE - I AM NOT A FINANCIAL ADVISOR - MERELY JUST A TA SPECULATER
ADVICE & OPINIONS WELCOME & I'm always happy to help out in any way i can :)
Tight stops, big profs. Happy trading :)
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