ocamporaulro

BTC Short Strategy $17K

Short
ocamporaulro Updated   
BITSTAMP:BTCUSD   Bitcoin
See previous post for more detail. For take profit targets I pulled a trend based fib extension from the last top.
As you can, targets break into the 18,000s and could even take a crack at breaking $17,000
Strong reversal after; assuming hidden bullish divergence forms on the RSI.
Comment:
Strong hidden bearish divergence on the 2H RSI as well.
Comment:
Previous related post.


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.