ChiTrades_

ChiTrades_

Right now I see a bearish head and shoulders pattern developing on the 4hr chart. The 5350 region has been tested multiple times and we have seen some strong wicks off that region. On the RSI we also have bearish divergence at each of these price points as price continues to make higher highs but the RSI is making lower highs. I will be entering a short position...

ChiTrades_

4HR Time Frame: A lot of choppiness in XBT right now. Currently stuck in this 4900-5200 range. Price has bounced off horizontal support and the .618 Fib level 3 times now and it has held every time so far. Price has broken out of this downtrend line. RSI has now made a new high on the 4hr timeframe and MACD histogram has flipped from negative to positive. Stoch...

ChiTrades_

Currently watching the 4HR timeframe. Price is getting squeezed between these 3 EMA's. 50d EMA holding as support for now and the 20d EMA acting as resistance. Waiting to see where the price reacts in the coming hours/days, while volatility is rather low. I have a bearish bias here as we have broken out of this ascending triangle, had a retest, and failed. Will...