Bonavest

Temporary UP Swing Before New Lows

Long
BITFINEX:BTCUSD   Bitcoin
The timing was down right perfect for this break out of our sideways... would have preferred it go DOWN, but either way we are seeing a small attempt at some upside which should last a day and a half or less depending on the strength of the Bulls.

Revised the Time Ranges and some directional arrows for price movements.

I am still holding a SHORT position through this upside... yeah I'm that guy who shorted the bottom. :(

*UPDATE: I got a bit over eager and posted this idea a bit too soon. My fault for staring at a 5 minute chart to be able to see any kind of price movement and I got so excited to see a HUGE candle sticking out... and it was only a $2 move. LOL

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.