MoonTrader
Short

Breakdown pattern forming on the hourly

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
A short term bear flag is appearing, so I think we we will reach $226-$230 before a pullback. I'm bearish long-term anyway, so I decided to take a small short position and wait for something in this level before shorting the bounce.

Update:

The breakdown pattern didn't quite reach the target so hopefully people got out before the bounce. A bullish correction is likely now.
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