BTCUSD I Am Staying Bearish Until Resistance Is Broken

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I know the pump for BTC this morning is looking promising but you also have to look at the order books
and see what is actually going on , are we being manipulated again and forming a pattern that to me
looks very bearish , the red lines represent the resistance zones and we have a triangle pattern forming.

I think its best to be safe than sorry have your stop points in place and your buy in places ready, many
things could happen but i see the bears wining again they will lose eventually but there is no sign of
any let up yet.

Im holding long and waiting for a position but i will not put my cash in until im satisfied we are out
of the downtrending channel, i hope there is enough steam left in the tank for the bulls to pull through
but they have a lot of resistance ahead and we are going to test the trend lines again now.

Im still learning so don't take my word for it do your own research keep and eye on twitter for people
like Magic PooP Cannon see what decisions they make there far more advanced at TA than i ever will
be im looking at this as an long term investment so a few hundred quid don't make much difference i
would rather be in a good position when i invest.

Good luck to all the investors Long short Bull Bear :) Personally i would like to see the main trend line
broken properly before i make any investment..I think being patient is going to win the game in the
long run check out every ones TA and make your own mind up.

I've had my buy in places set and they have been reached many times then we pullback so until we
break this trend im sitting on my cash.

This is not financial advice this is only an idea its up to you when you buy in.




Comment: Bear trap possibility ?
Hold on tight guys this is probably going to go very bearish soon :( ..
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out