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ibrahim.bensalah
Mar 14, 2018 6:25 PM

A beginner's perspective Short

Bitcoin / DollarBitfinex

Description

The current fall needs to go down one more time, fourth usually doesnt happen so I expect a failure of the head and shoulder formation and i expect a long during consolidation till break of the red down trendline to escape the descending triangle then up to 9200. Eventually back to the purple long time support trendline from back in sept 2017, just because we still need a solid double bottom.

It feels like that's too much to be all true, let's see what happens.

Comment

Did I made a mistake drawing my fibonacci levels? I guess so, likely I havent made the mistake with BTC\EUR where I made the perfect trade at 6410€ (just 2€ off).

Comment

No, It wasn't a mistake, the fibs are perfect!

Comment

On the way to $9200

Comment

WOW, i should have been rich if I only trusted my analysis

Trade closed: target reached

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