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LevRidge
Feb 26, 2019 10:00 PM

BTC update Short

Bitcoin / DollarBitfinex

Description

yea.. she's going down..

GL

Comment

Price looks to have been rejected on the ARC.. I'd be very careful as a bull right now..
Comments
ThumbSkin
Hmm.... interesting opinion
purplewavez
Strange use of this tool... your arcs don't seem to accurately lineup to any support/resistance levels... I bet if you raise your target arc to the current price cluster then the other arcs lineup...

here.. had to do it for myself...


These tools have a tendency to druve you towards your bias... nothing like good ol' trend lines firend. That plus identifying thos big ass falling wedges...



Also I would switch to logarithmic charts in this crypto space...
LevRidge
@purplewavez, I don't really care for the support levels on a downtrend.. only that price is being rejected at resistance levels... the real support level is the final arc..
Jefe
Not before hitting somewhere close to 4.5k first
LevRidge
@fakhan, highly doubt that.. but we'll see
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