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Btcusdsell

CRYPTO : BTCUSD LONGTERM SHORT BASED ON H&S + ABC CORRECTION !!We've got a Head & Shoulders pattern completed (it is cleaner on the H4 but I've charted on daily to show the ABC correction as well). Our first target will be $8k and second target is $5k. Stops would be above the $17k psychological resistance level. Now that we've broken the neckline, I would expect a retest of the neckline as previous support and should now hold as resistance. This would complete the B-leg and from there a deep correction back to $5k-8k. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.
BITSTAMP:BTCUSDShort
by AEFX786
9
BTCUSD : OVOHi traders, Crypto currency.... BTCUSD! Since people are all over in my ear about it, I'll drop my first analysis on this subject. As we easily all see, BTCUSD had a super good momentum going for it crashing the 10K easily and wick quickly over 11K within the same day. When I look over the last correction this pair, it lasted 4 days and had an even greater drop that what we are witnessing now. If we are having the same type of movement that we just had, this would drop down the price to around 8K. We seem to have a good support at those levels. Its either an amazing opportunity to go LONG.. or the last stop before a full retracement of the UP move of 2017. I know Bitcoins are the new thing and its getting mainstream as hell at the moment. However, I can still compare it to gold. Gold had the same thing where it traded for quite some time at a very low volume and very low price. Suddenly, when it broke its first resistance and went on with that crazy bull run to 1900$/oz. We just might be on the edge of a big correction. Let's just see how this plays out. BTCUSD SHORT: ENTRY : 9838.20 SL : 10111.55 TP : 8051.25 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade
BITSTAMP:BTCUSDShort
by ScottMescudiForex
2