TheWolfofPoloniex

BTCUSD Forming a Symmetrical Triangle

TheWolfofPoloniex Updated   
BITFINEX:BTCUSD   Bitcoin
I've seen these whales play in the pool countless times now. My short trade that I posted earlier is working out great. With that being said, I'll let it run and hedge into a long @ the bottom trend line shown below. Panic sellers will dump once the first trends are broken and the thought of the iH&S being broken, however I believe a Symmetrical Triangle will be made and will hedge accordingly.

-Wolfie
Comment:
Muh trade's in disbullief....

Short got stopped out and flipped to add to my long. Sitting on sidelines for the 2nd push.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.