bilo2000

BTC NOT LOOKING TOO GOOD

Short
bilo2000 Updated   
BITFINEX:BTCUSD   Bitcoin
Hello to all. I had bullish inclinations up until this morning but looking at the charts and seeing how what looked like bull flag yesterday IN BTC -did not break out as expected, a revision was in order. We are now in what looks like a bear flag which if completes as a bear flag will send us down some more.

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Comment:
EVEN WITH THE EXTENDED RIGHT SHOULDER, H&S ALMOST COMPLETE. ADD TO THAT HR MASSIVE BEAR FLAG. BTC IN BIG TROUBLE

Comment:
Another H&S forming with the left and head already formed. This H&S id inside a bearflag that will take us to the next target shown by the dashed red line. Also, EW analysis works for the H&S pattern which upon completion with a high volume should make trading this bearflag more reliable.


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