Get started
Bitcoin
Short

Bitcoin: 1D

By MikulovicFOREX
Updated
''SELL MARKET ORDER''

Why sell?

  • 0.618 retracement in 1.618 time
  • Previous support now shows resistance at the 0.618
  • Trendline resistance
  • RSI-hidden divergences


Good luck to everyone trading bitcoin!
Note
All though I do not expect prices to rise, there is an alternative set-up on the chart. I am ready to track this chart and excited to see what happens.

snapshot
Note
A quick glance at the 15 minute chart:
snapshot
Note
Initial profit objective for this set-up is located at $8932
Bitcoin (Cryptocurrency)BTCUSDChart PatternshiddendivergenceTechnical IndicatorssupportSupport and ResistanceTrend AnalysisXBTUSD
MikulovicFOREX

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.