Note the Pinbar the doji and the 8 on the candle

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
224 5 1
Note the Pinbar the doji and the 8 on the candle
Comment: updates on this thread
Comment: My interpretation is after the 8 is a 9 which is usually a change in the direction and a 1 to 4 candle pullback ( this is using the 45 min candle ) .
The Pinbar usually reverses the direction and the doji continues the movement .

My interpretation is this means is BTC can drop close to the bottom of the channel at 8900 then move back up . It will not be a fast move and will happen slowly.

This is just my interpretation and of course nothing can happen and BTC just continues upwards
Comment: There it goes - should stop around 8900 depended in your exchange
Comment: There are two stops one a 9120 and the other at around 8900
Trade closed manually: closing out
AlexRex Condiments
@Condiments, hahahahahah exactly my thoughts ... i love when people do this here LOL
AlexRex Condiments
@Condiments, but i think he means its signalling reversal pattern
AlexRex Condiments
@Condiments, once we get a 9 candle on the 45 min .... but mind you, these are just predictions, not always true ...
@AlexRex, The indicators are not always correct - butsure im correct
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