DrDovetail

Another game of capture the flag between the bulls & bears

Short
BITFINEX:BTCUSD   Bitcoin
Once again we had a breakdown from a bearflag that several candles later found a way to make it's way back into the flag showing us an unusally long false breakout and then instantly forming a bull flag inside that bear flag. The previous time this happened the bull flag ended up winning and shooting upward out of the bearflsg...currently it appears as if we may breakdown on this one...so for now I remain short but keep in mind thsat lately here multiple confirmation candles under the flags have not been enough to confirm them so tread carefully because even if it breaks out on this candle and then confirms the breakdown on the next unless we see significant volume to coincide with that dip it may just be another false breakdown. Stay vigilant my friends!
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