Get started

Btcshortentry

BTC/USD Short 10%COINBASE:BTCUSD Daily RSI is showing bearish divergence and has dropped to 20. Historically, daily RSI dropping below 20 has been a highly reliable short signal. The last 5 times daily RSI broke below 20 price drops ranging from $1091 (10.46%) to $5069 (56.78%) followed. More cautious traders can wait for confirmation with downward break of the lower pennant trend line that has formed on the daily. The downward breakout should be coupled with continued decreasing daily volume and RSI flooring at zero. Look for a target of 8533.98, down 10.66% from today's open. s3.amazonaws.com Not investment advice. Historical performance is not always indicative of future performance. This is one of several bearish and bullish scenarios to consider
COINBASE:BTCUSDShort
by alexhiggins732
2
BTCUSD - Update at 5960$, what I expectAs mentioned on the related idea, it's a good time to stay on the sideline, as the overall situation and overall markets are quite unpredictable. We absolutely need to hold the current level of 5900$ (not close below it in the hourly chart). I know the timeframe is low. We are in a pretty ugly wedge-situation IMO. If we are lucky, we may have the chance to get a pump to 7700-7900$ in the next 72 hours just to fail in a wedge and some important emas in the next three days. If we are capable to hold short-term momentum, I would probably try to short the market at the mentioned region. Not financial advise. Happy trading!
BITMEX:BTCUSD.P
by Thierry88
7