Smart Money: Selling Last Support Strategy

in #crypto • 6 years ago

Smart Money: BTC vs USD Selling Last Support Strategy – SHORT

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  • Forming potential head and shoulders pattern.

  • High/Higher High/Lower High = Bearish .

  • If 3 tests of the 6420 purple support line. Short on a bounce off the retest of 6420 as resistance. Close at 6280-6300.

  • If there is a bounce then this is the third test of the 6280 identified via the red arrows. Wait for a drop and completion of the retest and short off resistance at 6280 and close at 6100.

Comment: If this plays out it could then form an inverse head and shoulders.

#cryptocurrency #bitcoin #btc #trading
6 years ago in #crypto by
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