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veryevilone
Jun 5, 2018 3:07 PM

Uber bearish on BTC even tho triangle has not broke down yet 

Bitcoin / DollarBitfinex

Description

Im super bearish on BTC. I think the triangle will break down. I cant really give a reason why, just not feeling the bullishness. Lets see what happens.

Comment

A closer look at the triangle: Its probably a continuation pattern so since price entered from above it will exit below. Or perhaps its just biased thinking. You decide for yourself.

Comment

The triangle has broken down but i just wanted to share this setup now. Divergance + what looks to be a reversal candle. A 50% retrace is $8,200 - BUT who knows.

Comment

div didnt work out :) too bad. Just looking at this now. proably not going to work either :) Anyway lets see.
Comments
You23
everyone expects a downtrend...this is why it wont be one. Any market can fuck you and that is doubly true for one with a supply side like btc
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