Peymana71

Is this a TRAP?

Short
Peymana71 Updated   
BITFINEX:BTCUSD   Bitcoin
After a 2 fast falling we saw a little calm at this point.we have a 2 diffrent signal in chart and MACD.First signal is a second bear flag that means falling again and on the other side in MACD we see a oposite signal that means bullish trend.
I think this 2 signal are not oposite and complete each other.I guess this signals means that we will complete bear flag in a longer way,some place near 9700-9800 and then we falling again to 7800 area.
This just a novice idea
have a good trads
P.A
Comment:
YEAH...
Comment:

I want to update my last TA with todays chart.we are reaching to point that we waiting for that,but with some delay and more bear flags due the recent VOL decreasing.Im sure we test 7200 and after that we will see bounc that show us new path.
Comment:
we saw what we imagined before.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.