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BTCUSD: BREAKDOWN, And why you should short sell
Greetings! Here are some insights on the Bitcoin/US DOllar.
We should short sell because:
The trendline is broken(breakdown!!!!), at the same time, EMA 9 is broken! There is also a hidden divergence on my momentum-based indicator, Effective Divergence Indicator, as you can see.
That is indeed very alarming! Also, if we can see the Wave count, we already have 5 waves, so that gives extra confirmation.
After entry now, the exit price is at $ 31400. We get 9 % profit!
After Exit, we expect a bounce again to 35k and beyond.
Cheers and profits! :D
Make sure to follow Trader_ph for more insights on Crypto, Stocks, and Futures, among others.
We should short sell because:
The trendline is broken(breakdown!!!!), at the same time, EMA 9 is broken! There is also a hidden divergence on my momentum-based indicator, Effective Divergence Indicator, as you can see.
That is indeed very alarming! Also, if we can see the Wave count, we already have 5 waves, so that gives extra confirmation.
After entry now, the exit price is at $ 31400. We get 9 % profit!
After Exit, we expect a bounce again to 35k and beyond.
Cheers and profits! :D
Make sure to follow Trader_ph for more insights on Crypto, Stocks, and Futures, among others.
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