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Bitcoin in trouble?
Bitcoin
Short
Bitcoin in trouble?
By one-two
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Updated
Sep 12, 2019
3
Cheer
Cheer
Sep 11, 2019
Friends , btc seems to be in trouble. The 4h support at 10.1k seems to be broken as of this moment - which means that price is likely headed lower.
I'd take a short position at 10050 area and manage risk based on a 4h candle closing above 10.1k.
The chart pattern is arguably a descending triangle, It does not look like a symmetrical triangle to me.
Descending triangle are bearish chart pattern.
Sep 12, 2019
Comment
This S/R level is more like a range and not a precise number. Till the daily closes above 10.3k i'll be bearish.
Sep 12, 2019
Trade closed manually
Took a loss and exited the trade for now. But if it goes below 10.2k again im shorting.
Bearish Patterns
Chart Patterns
Technical Indicators
SAD
Trend Analysis
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