bitcoin

Negative scenario for short-term

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Ok guys, I promise you one positive and another negative analysis so we don't get blind on what is going on. This is the negative one and it is not looking good if you are on the wrong side. Keep this on mind and let's see what happens latter on. The dashed circle curve is the resistence market need to brake in order to go long. Otherwise we might go down A LOT like on the green flag.
Comment: Market testing the resistence second time:

Comment: We got a break out, invalidating this setup, here is the next target for now:

Comment: Ok guys, market got back below the resistence curve and this idea is now back to the game, take care !
Comment: We got a brand new break out, setup invalidated

Comments

very real scenario. my target is 4200 for this retest move.
Reply