BharadwajRallabandi
Short

Bout time for a pull back, and correct deeper?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We're forming an ascending wedge inside a bear flag . So what's next people?
Can we have a retest of 7400 level to confirm a trend reversal, to aim for the moon?
Or is this just one of those bull traps before BTC             breaks 6k?

A correction is imminent, but will market decide what happens from there on!

P.S. Moon is on the other side of the line
Comment: Taking another risky choice and shorting here. Place a tight stop-loss if you wanna trade
Trade closed: target reached: 7800 was a good profit taking region
Agreed. Need confirmation of any trend reversal.
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