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Long Term Short Setup Using Raghee Horner's IndicatorsIn addition to the elliot count short setup posted previously I'm going to be scaling into a short on btc using the 34 ema indicators often used by Raghee Horner. The basic idea is to short into touches of the 34 ema of the day lows with a stop a bit above at the 34 ema of the day highs. The darvas box shows that price is forming a poor low which is likely to be retested and after a few strikes on the propulsion dot area it is likely to break lower and make a measured move to the $2 to $1k region.
BITFINEX:BTCUSDShort
by mljones
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