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Shorting Bitcoin an Daily Chart

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The bears are in full charge!

BTC has been in an ascending triangle for the past few days and is about to break down to the downside.

According to TD-Indicator rules you can enter a short trade when a red 2 starts trading below a red 1. As you can see in the chart, this condition will most likely be met today (Maybe even while I am typing this)

The TD-Entry is below the ascending triangle which is a great confirmation for the short play.

Interestingly enough the target based on traditional rules of the ascending triangle hits the 50MA + another support/resistence line based on the price action from the past 6 weeks.

스냅샷

Good luck trading

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