BTC Short and now what?

6 Sep 2019

BTC after test de upper side of the big triagle, failt of breakout. Also a big bearish divergence was drawn in RSI. I opened a short position with target in the support line of the last up movement.

BTC bounced from that support line to the main uptrend line drawn from March.

Apologize because I was occupied thos morning and had not time to post it

The question now is, it Will still be support? In that case, open a short could be good but I need a 4h candle close above the line to open the position.

However if the line can not hold the Price, BTC could drop more to test the 9400 USD area.

Have a nice weekend.

6 Sep 2019

Nota

If 4h candle close above 10400 USD, open a long position with same previous target at 10950 with stop losses at 10200 USD.

If 4h candle close below 10400 USD, open a short position with same previous target at 9500 with stop losses at 10400 USD.

Lets see how it plays

6 Sep 2019

Nota

4h candle close in the line, no confirmation yet to open long or short position.

I thing BTC Will go down, but I am not going to take position after daily close with confirmation.