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n0rt
Sep 10, 2017 7:51 PM

Bullish Crab is done. BTC to 3780 Short

Bitcoin / DollarBitfinex

Description

We are not going to hit 4300+ now, there is bearish divergence and harmonic pattern that have "played" out. Next target is 0.618 fibo level 3780.

Comment

"A" correction elliot is on the way.

Trade active

1h flag target is to test 3900. Pretty sure we will bounce from that. Closing 1W lower than 4000 is a good sign for bears.

Comment

depend on will we break 4300 with bullish flag or not it will tell us what trend we will have.

Comment

as you see we got high volume when breaking bearish flag in a reversal way. This is sign that i could be very very wrong and target is 4500 at least. Not a great start.
Comments
MiloszKaszynski
If you will see beyond indicators you will see that some whale is actually manipulating this pattern :) It is not what market demands.
n0rt
@MiloszKaszynski, we have 12h bearish flag that haven't played for now and target is ~3780. We have 4 hours to close 1W candle which is now around 0.786 fibo (a lil bit lower). And if it will close lower that 0.786 - first target is 3780. We will see how it will be.
gazur
@n0rt, you got basically the same as me. ill take your analisis as confirmation of mine.
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