Patterns are going mad! unpredictable moves under way!
We have bearish MACD on the 2h chart, retracement downtrend has begun. However an impossible patterns succession happened, and I think it still continues.
First, we 've had a morning star under the $7912 resistance/support level, pushing us up towards $8000; then immediately an evening star formed, which should have meant a trend changement - going downtrend again. Yet, against the evening star pattern, immediately at the next candle, we went up pushing the $8190 resistance level again!
Fluctuations are big, but not related to shorts and longs liquidations; on the BTCUSDSHORTS 2h chart, shorts touched a bottom at 23600 and now have a slow uptrend, while longs on the BTCUSDLONGS chart have a clear uptrend inside the flag pattern, like they should explode down in any minute.
Someone is playing with big money and any pattern or wave invalidation seems possible right now. Maybe related to recent events in Syria? Should anybody go long in such situation? hard to say!
First, we 've had a morning star under the $7912 resistance/support level, pushing us up towards $8000; then immediately an evening star formed, which should have meant a trend changement - going downtrend again. Yet, against the evening star pattern, immediately at the next candle, we went up pushing the $8190 resistance level again!
Fluctuations are big, but not related to shorts and longs liquidations; on the BTCUSDSHORTS 2h chart, shorts touched a bottom at 23600 and now have a slow uptrend, while longs on the BTCUSDLONGS chart have a clear uptrend inside the flag pattern, like they should explode down in any minute.
Someone is playing with big money and any pattern or wave invalidation seems possible right now. Maybe related to recent events in Syria? Should anybody go long in such situation? hard to say!
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