Short Signal; Bitcoin is into the descedent triangle: Sell zone

16 ago 2020

In this analysis, Bitcoin has formed a descedent triangle that you can get it in H1 timeframe, so that siganl is so bearish.



So, I am go to short position as i knowed, because Bitcoin is formed a higher lower in the lower trend line.

Now, in H4 timeframe I detect a strong resistance at above of $11,900 USD, that mean a possible short position because in H1 timeframe I detect a sell, and H4 its formed it a possible sell at $!1,300 USD, because as we are in the high level ,we could see a Bitcoin drop in these level to complete the Elliot Wave # E.

Now, we need to be cautelous if Bitcoin break down or break up n this target, because, the highly probability is that Bitcoin is going to make a consolidated above of $10,400 USD and below of $12,000 USD, in these prices ranges.

16 ago 2020

Ordine annullato

At the moment, I Cancelled in this analysis, we need to be cautelous if Bitcoin is up, so, the most is stay alert, dont put any short or long position, if Ether go to up, BItcoin maybe make it. So, I will going to check out the Bitcoin trend.