We are going short for the entire day boys and girls. Was waiting for my best entry with confirmation and believe I may found it. The shoot up right away worried me at first but stuck to the plan. Join me :)
Looking at the BITCOINT movement today, we can see that BTC has reach WAVE 5 of EW. A shoulder pattern has also shown, bearish engulfing signaling the first drawback, and a doji confirmed the drawback. A short position have a higher chance of success.
Trade with care.
This merely a prediction, trade with your own risk.
This pattern looks like an Island Reversal.
The trend should be down just before the island for the pattern to be flawless.
This is not the case, but it gives the feeling that investors are letting dark views behind them for now.