BTC Bearish 5-0 Pattern

2 août 2017

Hourly candle broke the bear flag with volume. The coming 2-3 days i expect a revisit of the 2400 support line. If the following bounce surpasses 0.5 of the BC leg, I consider the pattern invalid and a return to ATH more likely.
Otherwise, BTC will likely break 2400 and continue to ~2260.

Short from 2740
SL 2755
TP 1 2610
TP 2 2400

2 août 2017

Trade fermée: ordre d’arrêt atteint

Stopped at 2694, BTC broke its downward channel.
At the moment upside movement is a 50/50 in my opinion, will update as the situation evolves.

3 août 2017

Note

Short reactivated @ 2643 with a SL at 2658. BTC was caught in the 3/1 Gann line. Let's see how things develop.

3 août 2017

Note

Amend: 2743