maxgarzo
Short

Indicator porn?

BITFINEX:BTCUSD   Bitcoin / Dollar
44 0 0
...okay, not quite but still.

This idea came to me as I was flipping between 5m, 15m, and 1hr charts. Pretty reliable downtrend sticking close to the Fibonacci retracements. I added a channel after identifying the downtrend; one indicator telling you one thing might be lying, multiple indicators telling you the same thing might be telling you the truth.

I expect the price to drop (-0.91) to 238.15 a few hours before twilight Friday morning.

For your own sanity (and yours too, probably), I had to compare this to the 1hr chart. Seems legit.

snapshot
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