BTC Big UpdateOn Current Market

in #bitcoin7 years ago (edited)

This is looks like a bearish flag which is a continuation pattern of a downtrend.
Also, very low volume clearly states this isn't the bottom for sure. We are due to another leg down.
IMG_20180308_201458_250.jpg
I said in my old blog - "this trade has bad RRR and implies great risk". Trend is your friend! That is very very risky to go against it.

We are going down, so you should be looking for a short. I am closing my long here at break even and will wait for a confirmation of breakout the pattern down.

When price breaks down the "Box B" - this is a confirmation.

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