navidraad

BTC still in range mode

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
as long as we stay inside this triangle, we have a bear flag and we can break any second, but i expect another short term bounce to upside first, to 4000$ to be exact, then the gates of hell would be open! which is great, both for shorting and accumulating for the long run! That is the path of least resistance for now, the most weird thing that i could see right now is a very big green f*ing candle that breaks out of this triangle with a FOLLOW THROUGH. In that case, this could be the bottom for crypto space.
Comment: the volume inside the triangle is decreasing which is another proof that this is a resting period for the downtrend.
Comment: Flag is broken,first target is 3200$ the recent low, if price can not rebound here, god save us all!

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