BitcoinUpdated $BTC SHORT
This is the 4 hour chart.
1st Lower High created on the 3rd December 14;00 UTC
2nd Lower High was on the 7th December 0:00 UTC
Followed by more bearish Indication of a double top 13th December 12:00 UTC
Also we currently have the stochastic moving out of the overbought area poking it's head down which should give us a sharp drop after 8:00 UTC today (in about 1 hour)
Also the MACD is losing out of steam.
1st Lower High created on the 3rd December 14;00 UTC
2nd Lower High was on the 7th December 0:00 UTC
Followed by more bearish Indication of a double top 13th December 12:00 UTC
Also we currently have the stochastic moving out of the overbought area poking it's head down which should give us a sharp drop after 8:00 UTC today (in about 1 hour)
Also the MACD is losing out of steam.
Note
18100 is a good targetTrade closed: stop reached
We closed above the top
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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.