Get started
philipdinu

3000 next BTC checkpoint?

Short
Bitcoin (BITSTAMP:BTCUSD)  
philipdinu Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Beyond Technical Analysis Cryptocurrency
4
2
trendanalysis chartpattern beyondta cryptocurrency
BTC in unknown territory right now, but strong SMA indication it is moving lower. Correlates with building a massive head and shoulders.
Comment:
BTC bull trap appears to be almost over. Movement retraced back to the 50% fib and the daily pivot lvl and is now showing RSI weakness. Expecting BTC to continue moving lower to the next checkpoint.

snapshot
Comment:
One last little hurdle before I start looking for longs:

snapshot
Comment:
4H Head and Shoulders formation on resistance:

snapshot

Related Ideas

philipdinu
$DASH - 1D StochRSI heavy oversold - SMA/Kumo Bounce Trade
philipdinu
$XRP heavy oversold 4H/1D on StochRSI - Good Long opportunity
philipdinu
$GRC possible hedge against BTC
philipdinu
$SAFEX - 4H Ichimoku Kumo breakout and retest
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.