vinnycrypto

BTCUSD- smelling a bulltrap

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I smell a bulltrap boys. I could be wrong but I feel like 4500 area is in play if we manage to pierce 3700 area resistance.
textbook falling wedge. had no strong prior resistance lines(horizontal) to confirm strength. this looks like it could co to 4300 where the falling wedge first formed.
+1 Reply
broke out of your trendiness brother
Reply
@mjtrustme, hope you made some profit!
+1 Reply
mjtrustme vinnycrypto
@vinnycrypto, yes I believe a roll over soon though we need more follow through
Reply
@mjtrustme, right. monitoring longs at moment, ready to scalp short the top before going long again. trying the luck at fib levels. I think that downfall deserves more of a relief and that falling wedge deserves a little bit of a better bounce.
Reply
mjtrustme vinnycrypto
@vinnycrypto, good call Vinny let's see if we can write this one in the history books
+1 Reply
@mjtrustme, thanks man. either way. lets get ready to short this as it could be the best short entry of the week or just a fun scalp.
Reply
The name of the bull trap is a harmonic alt bullish bat - finishing off by completing the Elliott wave ending diagonal wit a lower low. (Bitcoin contract ending tomorrow as well)
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out