ETC/BTC 4H Bearish div. everywhere, ascending wedge, short?

30 thg 1, 2020

Couple of bearish indicators on the ETC/BTC signalling a short-term short?

1. Bearish div with RSI and Stoch RSI
2. RSIs are overbought
3. Ascending wedge
4. Low volume on last candle

I would place a short here with stop loss at above 141k sats.
Last exit would be 110k sats for me.

1 thg 2, 2020

Ghi chú

Next moves maybe like that? So either way, maybe a quick short to 11.6k with tight stop-loss above the descending red resistance at 12.4k. Once at 11.6k let's see where it takes us.