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Lzr
Aug 4, 2018 3:09 AM
Was this a fakeout!?
Short
BITFINEX:BTCUSD
1D
Bitcoin / Dollar
Bitfinex
Description
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Aug 4, 2018 3:09 AM
Other then in my other posts i am 100% bearish on this simple chart. Drawing a parralel trendline. It seems we actually had a big fakeout. This idea will be reinforced if we cannot get higher then the lower side of the parralel.
Chart Patterns
Harmonic Patterns
Trend Analysis
Comments
barylyndon
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Aug 4, 2018 7:10 AM
Good one, BTC bouncing from 5800-6000 area since Feburary and with subsequent bounces price action is getting weaker, its sensible to be bearish.
Lzr
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Aug 4, 2018 7:12 AM
@barylyndon
,Watch out for a nice fakeout of the fakeout. I think well see a small burst above the resistance before we fall down.
HacTienSinh
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Aug 4, 2018 6:17 AM
I see you wrong almost time :v
Lzr
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Aug 4, 2018 6:18 AM
@Thienhuynh
, have no clue what you are trying to say here.
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