TradingView
SteveEnnom
Sep 1, 2018 12:35 PM

Still going down Short

Bitcoin / DollarBitfinex

Description

Well, the previous analysis worked pretty well although I thought the price could hit a level lower than what it reached. Overall personal sentiment is that the "up-down" movement will keep going cyclically this time as well.

I expect prices to drop once again.

***As usual, not a trading advice, merely my idea for informational and educational purposes only***

Comment

Aaaaand down we go

Comment


Death cross on the 4h chart.


Daily chart still bearish.

The fall is not over yet!
Comments
Ridgeback32
Seems like a correction and recovery cycle to me.

spindriftur
@Ridgeback32, you copied my shlong wave theory
Ridgeback32
@raphaelrehman, That's a harsh accusation. I have never seen your posts before. Can you point me to a post of yours that shows this?
spindriftur
Ridgeback32
@raphaelrehman, I see that idea was not previously visible and it is not exactly the same idea. Just because two people arrive at similar ideas doesn't mean one is copied from the other. However I am glad to see we both anticipate a recovery phase.
spindriftur
@Ridgeback32, lol i was joking
TherionX
@raphaelrehman, Best chart ever!
Ridgeback32
@TherionX, lol more phallic than mine :)
TherionX
Looks pretty 'flat' for me. Typical accumulation 'choppy' chart. Market structure still intact, if we continue like this, it is possible a trend reversal.
BatterT
A weekly perspective
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