Cryptobears feasting on carcass of the bulls..!

BITSTAMP:BTCUSD   Bitcoin / Dolar
BITFINEX:BTCUSD             COINBASE:BTCUSD             BITSTAMP:BTCUSD             WEX:BTCUSD             This is a short term analysis on the back of a excellent double top formation in the 4 hrs             chart..
After the double top with progressive weakening volumes on the second top , a downtrend channel has started..
While i doubt if the neck of the double top will be retested, as the underlying bullish signature still paints the floor of action..
But the present down channel had 2 dramatic event, a symmetrical triangle breakdown and a descending triangle breakdown with bull trap..
But the mystical factor is the downtrend is having repeated ABCD patterns which are inherently bullish and poses a trade threat to the shorters in this weak price fractal structure on the 15mins chart...
So i believe the next abcd completion will mark the bullish take over from the potential reversal zone...
AS of now, i will have a bearish sentiment, which will change in course of the series of developments as we go down the channel
Also note the price momentum divergence...
Nice setup
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Pengimbas Saham Pengimbas Forex Pengimbas Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar