oldstout
Short

Bear is not done yet? :)

BITFINEX:BTCUSD   Bitcoin / Dollar
Interesting HS with 2 bullish hammers and 2 bearish hammers.

We "should" bounce here with inv HS and target 292$ but China is still very bearish and only few cny             above last low 1763cny. We can see falling wedge ... Probably with bearish ending.

Chart looks very bearish for me, it's trend reversal type chart.
Ofc             go long now is a solid idea, but I guess we'll see final leg down to .786-.681 fibo.

SHORT now or a little higher is good idea (SL 292$), but I'm not going short more because I'm still holding shorts opened with this chart:
Not ready for 300$+ yet?


Good luck with trading!
Bullish scenario is now new part of right shoulder or even breakout right shoulder like that:
snapshot
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