DrDovetail

Neverending Bearflag Purgatory...Death Cross still very possible

DrDovetail Updated   
BITFINEX:BTCUSD   Bitcoin
Neutral for now we've been in bearflag limbo for the past 15 4hour candles......looking at the day chart however it currently looks like the Death Cross(50SMA crossing under the 200SMA) is still very much capable of happenign and unless one of the 2 lines drastically change their trajectory we will be looking at a death cross come April 3rd. Omkar Godbole has a different perspective on the Death Cross and how it could potentially be a bear trap www.coindesk.com/why...-become-a-bear-trap/ Whatever happens its wise to always be prepared for the exact opposite outcome of which one you choose to pursue. Best of luck out there...and if anyone out there knows the record for most 4hrcandles in a single bearflag let me know.
Comment:
Stop loss triggered...going short for now
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