FedericoContini
Long

BTC/USD: significant reverse signal

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We closed our previous trade short: the bearish flag pattern was not running confirmed by correct volumes while the bear pressure is decreasing, despite the fud on bitcoin -2.67% .
The price is forming a FALLING WEDGE , a reversal pattern. This is confirmed by a decrease in volumes in recent days. The CCI marks a divergence that heralds a confirmation of the inversion. To be confirmed, we are waiting for the breakdown of the blue lines with large volumes during the purchase phase.
The target could be from 9800 to 10300 dollars, despite this, we are still in bearish macro trend.
Mar 20
Comment:
Mar 20
Trade active: Breakout of the short term triangle of continuation in 1H timeframe, keep long running. We expect a short correction with soft red volumes.

it could be that the long up trend runs on the wicks
I agreee that it is unclear to finish shorts . I closed out mine. betterto wait for a confirmed bounce at he moment its drop , flag ,drop and it is getting more uncertain with each little bounce. the last 24 hours were risky to be making any trades. some won on longs some one on shorts but only small margins.
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@primbech, i agree with you but this insn't a buy signal :)
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