TradingView
onwardbtc
Nov 29, 2019 8:56 AM

The Bitcoin Weakness Short

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

It's just a little idea!

We founded a H&S and broke out. Then a bull flag has formed and even with this two pattern we are not able to break resistance.
I'm still extremely bearish. The resistance is only a small consolidation + the one on the breakout UP a few months ago. But still... I see weakness overall. But we will see how this develops over time.

Also we are loosing momentum on the 4h + a big red cloud is above us
More