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jackrabbitrage

BTC 1H short-trading idea

Short
Bitcoin (INDEX:BTCUSD)  
jackrabbitrage Updated   
INDEX:BTCUSD   Bitcoin
Elliott Wave bullishdragon
6
8
elliottwaves bullishdragon

BTC may be climbing up along the steep trendline.
Watch aqua color, yellow and green lines, plus the bottom line of the rising wedge (red).
These are the supports.
Based on the Elliott-wave scenario of the related ideas.

Consider another short entry if the support lines are broken.
Comment:
Yellow resistance has finally been broken.
Please take a look at a new idea below.
Because of the IHS structure, shallow SLs would be recommended.

Where is the top of the inverse H &S -like structure?

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