BITCOIN - Short Term View: BEARISH

in #bitcoin6 years ago

To Short Or Not To Short?

  • Believe we're in the end of a 3rd impulse wave and heading for a correction before the last impulse wave.
  • 3 signs why a short trade is legit here:
  1. Bearish rising wedge
  2. 5 waves could have completed.
  3. Bearish divergence (RSI is going down while price is moving up)

Screen Shot 2018-07-20 at 15.15.56.png

Short Trade:

Screen Shot 2018-07-20 at 15.29.49.png

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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.

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