Short

Updated

Is it time to short the Beast?

At present there are no signals to short btc. Ok, the BB`s are streessed out, but the rsi is not bearish yet. But isn`t a short (SL=ATH) a nice try? I don`t like countertrades, i won`t trade it. But you risk lovers could use this view perhaps :-)
the chance-risk-ratio is ok, a thinkable first tp could be the 38,2 fibo @ 3500$, the more favourite dip could be the former ath or breakout-lebvel at ~ 3000..all in all are no selling signs in this timeframe...let`s see :-)

the shortterm view is still bullish

former views:
Breakout-time again?

Nice H&S?

Flag attack?

Trying to catch the end of the consolidation

Killer views: Buy @ 780 Sell @ 1400?

780$ = level to watch!

Explosion ahead?

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touched breakout-Level...!

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again bo-time now?

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here we go!

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RSi is weak now in the hourly. --> that makes a retest of the bo-niveau more likely... at the upside possible TPs are 4385-4400

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ok, we have seen a retest....

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the hurdle was too high at the moment..is this the short? the hourly rsi is negative...

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ibn the daily are no selling signs to see

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is this a tiny top?

Level to watch = 4200

Trade active

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reached min TP H&S

don`t Forget to trail your stopp and make your Position riskfree

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trading below 4190/4200 is still bearish...the chart brightens above that Level

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rsi is oversold now, but no Signal yet

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trendbreak of the ultrashortterm uptrend....

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we reentered the bigger trend....will we make a new "3"?

Trade closed: target reached

YESSSSSSSSSSSSSSSSS reached all H&S TP`s

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those who made that trade could try to hold a part of this Position strategically for the longer run

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Now we can see a selling rsi-signal in the daily..

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ok, it is smelling bearish a bit...

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thats great!

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below 3850 i exspect a Little selloff down to the "3"

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we reached the "lst" Support at the the38,2 in the hourly, the rsi is signalizing that we see a Kind of countermove soon

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???

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4200 still is the level to watch!

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a h&s to form the right shoulder of the bigger h&s ?

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unchanged view totday

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no more H6S..that`s great! let`s make new highs :-)

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here we go..breakout time again

Trade closed: target reached

reached tp1

The_Cannalyst

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The_Cannalyst