BTCUSD: Short term sell set-up.

Bitcoin is trading on a standard 1D Channel Down (RSI = 67.104, MACD = 446.400, Highs/Lows = 677.6506) that is close to its technical Higher High. This calls for a short term sell (within the channel) towards a potential Higher Low around 8,000. The slightest break above this Channel invalidates the pattern so shorters should keep a tight stop loss as the bullish waves of the current bull market are way too aggressive and the next medium term upside target for BTC is 11,500.








** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **

Comments and likes are greatly appreciated.