MarxBabu

BITCOIN BTCUSD XBTUSD ETHto go down as three weak candle formed

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
As per the longbuylongsellindicator currently BTCUSD is in Long zone.However after two rally now the candles are forming bearish formation.
If you could closely look at the parallel channel three candles could not go high and high it is just falling down.

This is the indication the price will drop by hugely .I will enter short once the longbuylongsellindicator background color and strength meter as well show to go for short.

Presently shorting with 50% entry quantity remaining 50% will be when the price come down the the chart is favor to my trading .
Comment: it is exactly at the top notch price will go down .
Comment: price should reverse

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