MarxBabu
Short

BITCOIN what it makes as to decide the Short Here LBLS_Bot

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Here is the very simple analysis without using no drawing , no marking .
With only using two key analysis .

Analysis in 2H time frame .

Applicable for all BTC charts like BTCUSD , XBTUSD , BTCUSDT etc.

1. LongBuyLongSellIndicator
2. Volume .

LongBuyLongSellIndicator:
Look at the 8 candles from the chart (Blue ) it clearly shows price is not able to move above .
Every candle is making weaker low.
The last candle makes the bearish engulfing here.

Volume :
Closely watch the volume of last 8 candle , it is not that great ,it is declining.

When price is declining and the volume is declining it is a chance of getting great fall.

Any time the fall will occur from this level.

10500 could be the SL point. second SL point is 10800.

Target point shall be 10000.

The script that is used for the analysis is given below .

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Look at the 1hr it is already started the downtrend:

Comment: going down

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