Short term trade oppertunity in BTC! untuk BITFINEX:BTCUSD oleh Nocturne83

trendanalysis chartpattern btcusd btc short shorttrade

After the last dump BTC has formed a bearflag which is visible on the 1,2,3 and 4 hour. It might take some time to play out, but could also provide a good short oppertunity.
The target for the measured move is around 7.6k - and confirmation would be break of the triangle at around 8k.

Also, the daily RSI and Stochastics show a reversal in momentum, so I would be careful with going long on these levels.

Komen:

Well - that played out to perfection :)

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- Marcus Aurelius

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