Felix000
Short

Signal on 2 hour but sticking to short

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Here's why. Interesting signals on 2 hour chart. Would normally have me thinking to buy, however, although the lowest trough in the bars of MACD remained the lowest trough before crossover the correspoding candlestick above which made a low of $9,047 was later beaten by a candlestick bar with a lower low of $9,045 before the MACD crossover. Therefore I'm not buying into this signal and still thinking of another short leg down coming up. Bollinger bars $9,442 and $8,838 could now need a break by a candle stick for any move up or down.
Comment: Correction to Bollinger bar readings above it should have been written as $9,438 and $8,835 respectively.
Comment: When talking about lower low I'm just talking about opening price and closing price not the highs and lows