martin100181
Short

BTC Downtrend for next hours

KRAKEN:XBTUSD   XBTUSD
I know it's pretty basic and simple, but I'd like to know what experienced traders think about it and how to improove it. Thank you.
You got the trend right.
You then see the bear flag from 2018-01-31 18:00 - 2018-02-01 10:00, which was the breakdown of the consilidation of the last swing low. Add the confluence of stoch RSI oversold and looking to cross. That would be your trade. Tight stop and nice R/R. Good trade overall.
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christoffermadsensmail christoffermadsensmail
@christoffermadsensmail, Technically it was a symmetrical triangle, not a flag.
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