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Top 5 Weekly Trade Ideas #3 - BTC/COIN Short

Oleh AdvancedPlays
COIN is forming another ascending channel/bear flag, much like the one from August. I'll be looking to short COIN if it breaks below with a target of the gap fill around 148.05 and then prior support around 115. For extra confirmation, it would be nice to see BTC break its ascending channel to the downside as well.

BTC also just rejected off supply and has an ascending channel of its own. These two tickers should confirm each other. First target for BTC is 57.7k and then 52k-48k.
Chart PatternsTrend Analysis
AdvancedPlays
Short Thesis:
advancedplays.com/short-thesis.pdf

Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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