BTCUSD - Aug 4 2019 - SHORT
Updated
Decision to sell BTCUSD based on analysis :
- Break out parabola line > In the past in 2013 and 2018, the price of BTC after break out parabola then going down is a strong drop. According to statistics each time, the price of BTC will lose about 84% of the value of the highest price set nearby. If anyone needs data about the above information, please comment below
- On the D1 time frame, the price of the BTC is going to the resistance of a downtrend so the selling will bring good advantage. And 11000 is also a strong resistance zone
- On the W1 time frame, MACD cross down
ENTRY: 10900 - 11050
STOPLOSSS: 11500
TAKE PROFIT: 9100 - 8300
- Break out parabola line > In the past in 2013 and 2018, the price of BTC after break out parabola then going down is a strong drop. According to statistics each time, the price of BTC will lose about 84% of the value of the highest price set nearby. If anyone needs data about the above information, please comment below
- On the D1 time frame, the price of the BTC is going to the resistance of a downtrend so the selling will bring good advantage. And 11000 is also a strong resistance zone
- On the W1 time frame, MACD cross down
ENTRY: 10900 - 11050
STOPLOSSS: 11500
TAKE PROFIT: 9100 - 8300
Trade active
SHORT BTC if the candle on D1 is closed 10600 stoploss
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.