BTCUSD weekly bat pattern and structure pullback~
Diupdate
When it comes to a big slump like this, the most interesting thing is people ask much more on "when could we buy" than "how to get on the falling train".
--Just like the USOIL slump recently.
That is, I don't really buy the concept that noobs always chase high and sell low these days; for my observation, it's totally the opposite way!
The time when I'll look for buying opportunity in a downtrend MUST BE a significant larger time frame set-up;
otherwise, whenever there is momentum, my only thought is to participate the direction of the momentum--
"Even selling low is much smarter than buying the dip in a downtrend without larger time frame set-up."
In this BTCUSD example, the larger time frame has this bullish bat pattern spotting at near 3000 spot.
That is, before it reaches there or a very strong rally to change the downtrend happens , no intention to catch the knife at all.
Even if it reaches 3,000 spot, a weekly set-up still needs daily reversal sign to confirm.
Let's see how it goes!
--Just like the USOIL slump recently.
That is, I don't really buy the concept that noobs always chase high and sell low these days; for my observation, it's totally the opposite way!
The time when I'll look for buying opportunity in a downtrend MUST BE a significant larger time frame set-up;
otherwise, whenever there is momentum, my only thought is to participate the direction of the momentum--
"Even selling low is much smarter than buying the dip in a downtrend without larger time frame set-up."
In this BTCUSD example, the larger time frame has this bullish bat pattern spotting at near 3000 spot.
That is, before it reaches there or a very strong rally to change the downtrend happens , no intention to catch the knife at all.
Even if it reaches 3,000 spot, a weekly set-up still needs daily reversal sign to confirm.
Let's see how it goes!
Catatan
on the right way yo
Catatan
Inside week breakdown yo!
still only bearish.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.