cgeraghty88

BITCOIN SELL TRADE IDEA

Short
COINBASE:BTCUSD   Bitcoin
I'm currently favouring a sell on Bitcoin. Overall price is in an uptrend and has rejected and respected my micro downtrend on the 15M, 30M, 1H and 4H timeframes. On the 4H timeframe price is currently in the Kill zone but rejecting the 50% fib level nicely. On the 4H time frame price is currently showing a bearish flag pattern and feel price can drop as low as 19K before resuming in Bullish momentum again. - Personally looking to sell at the break and retest of 22500 and stack a 2nd entry at 21500.
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