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.
Trade aktif:
Things are getting hairy for hodlers...
I'm hoping some benefited from my bearish calls based solely on TA.
I'm hoping some benefited from my bearish calls based solely on TA.
Did you catch the short? I would love to hear from you in the comments.
Thanks.