falak.mazhar
Short

Going long would be a crime

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
After a breakdown to 3200 we rallied but failed at the crucial 3650-3700 resistance indicating a bearish close of the weekly candle. Bollinger bands are tightening which should indicate another leg of fall to 3200. Furthermore a few days back ADX led to a false breakout and looks like this will be another bull trap. No indication of going long here, perhaps test 3200 again. Remember more we retreat back to supports higher chance it will break, just like 6k eventually broke down. Looks like we will have to prepare for below 3k levels before new years, Santa claus rally looking grim and the cold winter doesnt look like receding as of now
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out