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MattArmstrong
May 24, 2020 12:55 PM

BTCUSD - Short Idea, still Short

Bitcoin / United States DollarCoinbase

Description

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