BITCOIN | Short-term Scalp Opportunity (High risk)

2019年6月26日

Bearish price action from the top can offer a possible short-term scalp opportunity:
- 4H Shooting Star (bearish candlestick pattern). The candle was green, definitely, it would have much stronger if the candle has been red. Currently, bulls still dominated the last 4H hour but the Shooting Star has given a sign that sellers have started to come into the market.
- 1H Spinning Top (reversal indication)
- 1H Engulfing (bearish candlestick pattern)

This action has been around the ascending channel upper trendline. The channel upper trendline should work as a resistance plus some Fibonacci levels have pointed into the rejection area.

The current rally has been really powerful so, we have to search bearish price action to make some trades. At the moment we have something and it can be an opportunity to make a shot.


Do your own research and if this matching with mine then you are ready to go!

Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!


Best regards,
Vaido

2019年6月26日

註釋

...and almost the price reached into the target. $350+ selloff within minutes has occurred.
If this green resistance area works then we should see another one, the break above of it makes another drop a bit more unclear!
It was a quick ride :)

2019年6月26日

取消訂單

Another drop is unlikely and the trading is canceled. As said, it was a quick ride!