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WiThConFi
Oct 26, 2017 7:19 PM

BTCUSD Bitcoin BULLTRAP BEARISH Short

Bitcoin / United States DollarCoinbase

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BTC 4 HOUR TIME FRAME on Coinbase looks like a Bulltrap. Los Angeles 12:17 PM.

Bitcoin 50 MA is looking to cross with 200 MA. RSI confirms downward trend. RSI is showing bearish divergence. If RSI breaks downward trend look for psychological $6000 resistance and $6200 previous ATH. Price action is moving up too quickly - correction immanent.

Red lines are where I think Bitcoin will find support and where my auto buys are set. Buying in small increments is a good strategy to pick up. Saves you from going all in this unpredictable market.

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RyanYu
I was thinking the samething.. you just confirmed my thoughts... thx
WiThConFi
@RyanYu, Glad I can be of help!
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