Evgeniy2108

Thoughts about BTCUSD

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I want to share with you my thoughts on bitcoin . Why short at the moment? Let's look at all the arguments in favor of a SHORT.
1.Divergence. When bitcoin breaking through the mirror level 9200, there was divergence. This is the first sign of a price reversal.
2. Resume sales. We see a strong resumption of sales from the zone of 9500 - 10000. The seller was able to return the price to a mirror level of 9200 in volume .
3. The head-shoulders pattern is now being formed
4. Halving. Everyone knows that there was a halving yesterday. Everyone expected the price to go up. But purchases are very weak, which tells us that there is no strong buyer in bitcoin .
At the moment, short is priority. But trading must be flexible. If I see a strong buyer, and weak sales, I will change my mind and look for an entry point up.
Write your thoughts on Bitcoin , who agrees and who disagrees. Thanks to all!
Trade active: Guys, prise breaks trendline, its a good entry point to Short

Comments

agree, whales are just letting the trend keep going until they profit max a dump
+1 Reply
I am of the same opinion, but think you might see a wick to the 9300 - 9400 and then reversal to complete the right shoulder of this head and shoulders pattern. We've yet to have a post halving selloff also and stock market drop that's just around the corner! Goodluck.
+1 Reply
Evgeniy2108 Shitcoinshorty101
@Shitcoinshorty101, thanks for you opinion, agree with you
Reply
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