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console
16 de May. de 2017 3:29

Descending Triangle, TCP = BEARISH Corto

Bitcoin / DollarBitfinex

Descripción

Descending triangle, Trend continuation confirmation pattern = BEARISH, enter short on breakout.

Operación cerrada: objetivo alcanzado

trade never worked out, we never got entry confirmation, if you went long after structure break you would of made some profits.

Comentarios

A nice CUP AND HANDLE did appear here and the breakout was massive. Great work to those that played the long breakout of this structure.
Comentarios
John-Pepperfield
If you followed the progress (through the stalled market) and checked the public order book for this exchange along the way, it's pretty clear that someone or a group of someone had some pretty large positions out that weren't public (around the 1,780 range). To me, that difficulty in breaking that barrier and the spike after are signs of clear manipulation by some big time investors on this exchange. Similar event happened last June. Events like that pervert the purpose of digital currency. Yet again we're more or less stalled in an artificially inflated market on this exchange. Que sera, sera.

Great chart though. Been following some of your other projects too. Like your work.
console
@John-Pepperfield, great point
console
would be waiting for short, holding back for now.... false breakout?
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