It is at resistance, giving me the momentum candle I look for to indicate price will continue downward. If that bearish engulfer closes in this fashion, it may be a good entry for a short.
The fact that it is breaking back into the triangle structure is pretty telling.
Confirmations are key. Without confirmations, there is no trade!
Check out my previous Bitcoin analysis video.
The fact that it is breaking back into the triangle structure is pretty telling.
Confirmations are key. Without confirmations, there is no trade!
Check out my previous Bitcoin analysis video.
Note
Playing out as expected.
Did you catch the short? I would love to hear from you in the comments.
Thanks.
Trade active
Things are getting hairy for hodlers...
I'm hoping some benefited from my bearish calls based solely on TA.
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Related publications
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.