LastBattle
Short

RUN for your lives and do not buy!!

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
Bitcoin price have been traded within a symmetrical triangle for the past 3 days and it seems that it is finally on the verge of a break to the downside after an unsuccessful strugglish rally hours ago met with an unusually high amount of sellers..
If successful, it will open up access to $356 USD/2207 CNY             or even lower.

Stop loss/short area: 2427 CNY/ 391 USD (Bitstamp's last hour low was 390 USD)
LastBattle
2 years ago
snapshot


Bitstamp's 4H chart
Reply
HerSerenity LastBattle
2 years ago
Disagreed, you made a crucial mistake using this impulse pattern: it's shifted to the leftin order to fit the current wave, leading to the false impression it'd still have time to decline which is hardly the case -- only 3 hours left, and it definitely won't make the leg down in this short timeframe.
+1 Reply
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