Short

Btc short

Updated

As bitcoin continues down this bearish channel I am still short. While there might be swing trades this is a no trade zone for me until we confirm trend reversal or get to my first buy target of 2k. Will start laddering buy orders at 2k with hopes to accumulate more at around 1k. https://www.tradingview.com/x/cH71Vpj1/

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Support at 3500 next level support 3300. Look to be forming a rising wedge at current support for continued bearishness. However could form a W and test 4K again however we have failed to break 4K twice now and a third time would form a triple top. These are just my ideas and hoping to hear your thoughts ?

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Where I previously thought we were forming a rising wedge on daily it's looking more like an ascending triangle now. A test of upper B.B. Is certainly a possibility.

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We saw a breakout of ascending triangle and test of middle BB. Looks as if the impulse is being rejectred which would leave us with a rising wedge again

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We saw an impulse up from an ascending triangle get rejected at our middle bolinger band forming a rising wedge . The wedge has sense broken south and forming a bear flag . If indeed a bear flag . We use pole length to determine trajectory which would fall right in line with a previous level of support around 3100

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Can we get another impulse up? If so we will look like Bukowski's ascending broadening wedge

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Bull cross fake out ! 50 tried to go vertical of 200 but rejected on hourly and 4 hr charts forming a death cross!

solidgold

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