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Pillarstric

Short TF Analysis on Bitcoin

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Bitcoin (BITMEX:XBTUSD.P)  
Pillarstric  
BITMEX:XBTUSD.P   Bitcoin
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) BTC xbt Cryptocurrency crypto Ascending Triangle bullflags
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trendanalysis chartpattern indicator bitcoin btc xbt cryptocurrency crypto ascendingtriangle bullflags
On the 1 hour chart, Bitcoin has pushed higher out of the ascending triangle and proceeded to stall in what I see as a bull flag. I expect price to reach the high TF downward sloping resistance of the descending triangle and will close longs and flip short around there on my leveraged account.
- RSI also overbought on this TF
- Idea invalidated on a close below 10.5k

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