Alexander_Nikitin
Short

btcusd. triangle breakout.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Simmetrical triangle was broken to the downside. This signals a trend continuation. Stop goes above most recent swing high, take profit is the height of triangle projected to the downside.
This pattern was found by the MPS-5.2 pattern recognition software: https://mps-trade.com

Learn to trade these patterns for free: https://mps-trade.com

My Youtube channel: https://www.youtube.com/user/alexniquitos
Great chart. We have an identical target according to the similarities of those Triangles:

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Alexander_Nikitin InvestingScope
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Look's impulsive moves up,
Bulls test reactions of the market. I've close my short, bull mode now (for short time just a small correction).
Bulls are impatients my friends.
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@antoineb, It only looks like to you....
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Who is shorting now? You gotta be nuts
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@momtchev, it is not about being nuts or no. it is about the probailities. based on the chart there is a higher probability to move south.
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momtchev Alexander_Nikitin
@Alexander_Nikitin, of course, but you gotta be nuts :)
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@momtchev, yep:) if you call nuts anybody who chooses a higher probability scenario...
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momtchev Alexander_Nikitin
@Alexander_Nikitin, I was joking dude. You're right.
My original point was: Do not play russian roulette if don't have to.
The probability in the beginning is still - you don't get shot, but why play if nobody is forcing you.
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jamstock momtchev
@momtchev, whoever is going long now has to be nuts. The market is clearly going down therefore looking for short opportunities is the only sensible thing to do!
Significant support level coming up at 3,000 so will be interesting to see if the buying pressure comes back in at that level.
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