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EstebanH
23 Th10 2019 05:05

12H BEARISH SETUP AFTER CONTINUATION PATTERN Giá xuống

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Mô tả

I thought 12H 233EMA was going to be tested, but there's a good chance this channel is breaking downwards till 7K area.

After the last up, middle part of channel was a great resistance, and bull volume never appeared. After 4 touches, channels can break easily and next support area is around 7K.

Indicators:
- MACD is about to cross bearish in bearish side.
- RSI has made a double top bearish divergence below 50.
- Stoch crosses again bearish and there's room till oversold area
- ADX is still on sideways (continuation pattern) but DI- is dominating now and can easily begin a bear tred.

In this case 55EMA was enough to stop the bulls.

I am going to wait to MACD signal on 4H crosses Zero line. Target 7K area

Not advice, Just my journey!

Bình luận

Confluence of S/R + FIbonacci + EMAs on different TF tell me that a good entry should be around 8100 area.

Bình luận



Breakout happened after testing 8K. I couldn't fill my entry but this is trading!
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