Probably even bigger flag than expected

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Short idea for documentation und education. No financial advice. This channel looks to weak for a break out to the top and would be a classic example of a consolidation before a drop. Notice how the pole would end near the next support levels.

Fundamentals: If we assume that one or more whales try to sell around 10.000 - if they see that the recovery happening atm is weak as it is they could decide to start selling below 10.000. Which could lead to a chain reaction.
That was my thinking all along, but seem to have myself stuck in a larger than expected short position. I can't work out who's buying here.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out