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LARP_Capital
Mar 28, 2017 6:51 PM

Short to 850, then bounce to 1000 Short

Bitcoin / DollarBitfinex

Description

Even though Bitcoin maximalists are still uber bullish regardless of the circumstances... the fundamentals have not changed. Bitcoin still faces major governance issues, and its community is in major disarray. After rejection at the top of the pitchfork, we should see bitcoin make its way to 850.

In addition, another, less hyped bitcoin ETF was denied today.
sec.gov/rules/sro/nysearca/2017/34-80319.pdf

Trade closed: stop reached

Broke out of pitchfork
Comments
KLYP_Investment
but i think this was nice try.
LARP_Capital
@tlzkrh1029, I'll get em next time! Thanks!
KLYP_Investment
@dbt1033, im your fan, always :)
notorious_turtle
Thoughts on this Brexit thing happening today/tomorrow? The price sure looks like its holding around 1020 right now.
krisse100
@notorious_turtle, Bitcoin triangle breakout up?
LARP_Capital
@krisse100, yup, this trade is obviously invalid.
Sasukeevil
But it has broken the falling wedge
LARP_Capital
@Sasukeevil, A break of a falling wedge on a 4H timeframe does not mean long term trend reversal. That already played out, IMO. Waiting for the close of this Daily candle for more confirmation. As of this post, my idea is still valid.
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