Get started
Bitcoin
Short

BTCUSD - imminent descent.

By yusufrida
Updated
Price of BTC has reached above 6k on Bitfinex which corresponds to the peak on Kraken. I believe we are at the top of this bullish move considering my trendline on the last 3 daily candle peaks. I believe we are due a correction downward, I think reasonably to the 50 or 200 daily EMA which is corroborated somewhat by my fib lines. Moonboy dreams have me hoping for levels around the 4,300 spike of last week or even my lower trendline or even some of the lower supports... but we'll see.
Trade closed: stop reached
Yeah..... that didn't happen.
Chart PatternsTrend Analysis
yusufrida

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.