MattArmstrong
Short

BTCUSD - Short Idea, still

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
WOW, this idea just keeps forming more evidence of a short.

After a break of the pennant , price has formed a double top and kissed the 200EMA on the 1 hour. The HeatMap has fired a couple "Bear" signals and we should be seeing more downside today.

In trading, if all you did was trade ideas like this consistently (risk managed) ...you would be a very profitable trader, even as these patterns (all patterns) fail.

Manage risk and enjoy your Sunday.
Comment: Rock on..
Ideas for EDUCATIONAL PURPOSES ONLY!
I moderate a community of traders, analyzing 24 +/- charts, highlighting areas of interest and probably trades.
Facebook: Black Door Capital
Telegram: https://t.me/blackdoorcapitalpublic

Comments

Interesting technicals,
here is my overall TA on the BTCUSD
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MattArmstrong VincePrince
@VincePrince, looks great! thanks for the comment.
Reply
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