The double 13 signal the other day likely produced the 2 selling pressure days. However today we saw a strong move that, very importantly, made another price flip. The setup count is now reset to the upside. Yes the yesterday price flip would indicate a good short opportunity, but given the strong move today, producing a piercing line pattern,
BTC shorts might want to take a step back and wait for better confirmations.
For myself, I'm still holding my
DOGE bags, it is the weak performer so far in terms of holding up to strength. I still look at
BTC and
ETH to determine the major movement of cryptos.
We can see more confirmations for both sides once we break out of this consolidation
For myself, I'm still holding my
We can see more confirmations for both sides once we break out of this consolidation
Kidze
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Kidze
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.