UnknownUnicorn1121585

Bitcoin BTC Ponzi. Another decent short that's being set up.

Short
BITSTAMP:BTCUSD   Bitcoin
Liquidity spike on a bearish OB which is fooling traders into thinking it's an ascending triangle. Should breakdown within the next 2-3 4 hour candles.

Not guaranteed, since we've been seeing some low volatility, but the probability of breaking down is great. Should this not breakdown, I expect more sideways ranging.
Comment:
Stop Loss: 6405
Comment:
Targets for the breakdown:

6220

6150
Trade closed: stop reached
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