This is what i see here:
1. Short-term downward trend. In order to break this trend the bitcoin has to pierce 2970 resistance. Otherwise it will continue its movement downward.
2. Triangles symmetrical bottoms has formed also signaling downward movement
3. There is small Cypher pattern, which is also signaling down
So I figured short position on BTCdown to 2620
Am I right?
1. Short-term downward trend. In order to break this trend the bitcoin has to pierce 2970 resistance. Otherwise it will continue its movement downward.
2. Triangles symmetrical bottoms has formed also signaling downward movement
3. There is small Cypher pattern, which is also signaling down
So I figured short position on BTCdown to 2620
Am I right?
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