TradingView
cryptographic1
Oct 3, 2017 6:57 AM

BTCUSD Rising wedge broken Short

Bitcoin / DollarBitfinex

Description

Rising wedge breakdown, short

Comment

closing short now, seeing how things play out

Comment

Ok, short again, target around 4000

Comment

Weeelll... don't feel confident about this. Closing and sitting it out to see how things play out.

Comment

ok well holding short would have been fine :P makes me nervous
Comments
TheTrex
The IHS should provide it with some bear power.
TheTrex
@TheTrex, I mean H&S*
uncomfortablepants
I almost shorted as well.. but I figured I missed the boat because I waited too long when it bounced down before even getting close to the boatload of sell orders at 4500.
It barely broke the trend line from the 2980 low traced through the lows on the 22nd and 24th. Kind of was a fake out. Not sure if it even spent a full minute below.
At this point I am not selling unless it gets some sustained momentum below that trend line. Even then with the lows not being very low the last few days. I think it might be a bad idea to short.
Godly
lol
cryptographic1
@Godly, You telling people to short the downtrend breakout at $4000, now that was some lol
Godly
@zmm20, Actually it was $4500 ;) Looks like you might need glasses after all.
More