VincentLeBlanc
Short

BTC short, downtrend, triangle and oscillator.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
So we have this long standing 4h trend going on for BTCUSD , which forms a sweet triangle ending approx tommorrow.
Also, GodMode (I love this oscillator, thanks xSilas) on 4h is very good at predicting drops, as depicted here.
More down to come. At least back to the lower triangle.
Comment: Red lines are bearish, Green lines are bullish.
The outside red lines are a downward triangle on the 4h timeframe.
The rising wedge we've been on for 58h is holding, with nice support at 10.9k (horizontal gree line).
The downtrend we have been on for 16h just exited upward (hence the green lines). We are now going again to test the top of the 4h downwards triangle.
Comment: Wrong chart... That's better, green lines on the downtrend.
Also, note we're on the 1h timeframe here, not 4h like the main chart.
Comment: Still caught in the longer TF downtrend, ranging for a few hours I guess? Until the futures expire maybe (or that could be a non event).
Comment: We're getting close. Current short term indicators say it will break up, but longer term looks like we will break down. Not taking a position right now.
Comment: Doesn't look right to stay bear, but I'll keep open to keep reference points of when to go bear mode again.
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