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.



The breakdown pattern didn't quite reach the target so hopefully people got out before the bounce. A bullish correction is likely now.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar 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