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team_USA
Mar 11, 2018 2:02 AM

Bitcoin bearish flag - target level ~$6692 做空

Bitcoin / DollarBitfinex

描述

BTC/USD is showing a clear bearish flag here. if labeled support is broken (and it probably will considering overall market conditions), target level is labeled on the chart.

trade at your own risk

订单已取消

pattern invalidated

评论

please note that this actually still could be a valid bearish flag here...
however, I do not recommend trading this market at this time. do NOT trade unconfirmed patterns during an extremely iffy market like this.

交易开始

breakout to downside confirms target

评论

评论

bullish divergence on RSI and MACD suggest a movement to around the bottom of the bear flag trendline. should provide a good opportunity to build short positions.

评论

change of situation as outlined in my last update:
bearish flag here should see a small bounce to 8.3k before a breakdown to 7.1k area (assuming the bottom of the flag breaks, which it should)

交易手动结束

the potential for a bullish reversal at this point cannot be excluded, and there are a number of possibly bullish formations on the chart now. will update with a new chart once it becomes more clear.
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