Looking at the 1d candles here it looks like there could be a sloppy double-top which may have just recently broken its neckline on the way down indicating our little bullish recovery may experience rocky times to come. This could easily be very wrong; the next week is absolutely critical for the validity of this trade.
I use bitmex for data because they have insanely high volume. notice the fibs as well.
I have this listed as short but I don't think I'll be trading on it just yet.
Cheers all
I use bitmex for data because they have insanely high volume. notice the fibs as well.
I have this listed as short but I don't think I'll be trading on it just yet.
Cheers all
Trade active:
Lets go!
Trade closed: target reached:
no formal target but we're closing.
this is make or break territory for bitcoin, so I don't feel comfortable with a short.
this is make or break territory for bitcoin, so I don't feel comfortable with a short.
Trade closed manually:
this didnt work
purple line is the potential double-top, red-line is the neck-line which is currently broken but could possibly rebound and make this prediction dead