Get started
Swizam

#whatif BTC is getting ready for a dump

Short
Bitcoin (BITMEX:XBTUSD.P)  
Swizam Updated   
BITMEX:XBTUSD.P   Bitcoin
Triangle
0
0
triangle
Looks like we could be forming a descending triangle.
Selling pressure is higher at the moment according to the global M.D.R.
Comment:
Let's see how this turns out...
snapshot
Comment:
Decision time...
snapshot
Comment:
We are still on track for the completion of a descending triangle.
snapshot
Comment:
We did drop, but not as much as I was expecting.
We landed around the .382 Fib and currently retracing.
Selling pressure dropped a lot on M.D.R and not sure we'll go further down for the time being.
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.