BTC1!: CME TD 9 Bear Trap Buy Signal
Updated
Cautious shorting the current 4hr candle on BTCUSD, currently looking at a bear trap on the CME futures chart with a TD buy signal on the 4hr. Bears are also failing to move price strength into oversold conditions, signalling signs of bearish exhaustion, as CMF returns to positive.
S&P is finding support (for now) from the 200 Day MA that could confirm with a candle close by end of day.
Remaining cautious, could turn bullish. Might as well fill the little weekend gap at $9,175 - $9,220 that's closeby before falling lower at least.
Courtesy of Tone Vays TI Indicator: tonevays.com/indicator
Inverse Head & Shoulders Fracta - Deadcat to 9.4K?
A few possible scenarios:
S&P is finding support (for now) from the 200 Day MA that could confirm with a candle close by end of day.
Remaining cautious, could turn bullish. Might as well fill the little weekend gap at $9,175 - $9,220 that's closeby before falling lower at least.
Courtesy of Tone Vays TI Indicator: tonevays.com/indicator
Inverse Head & Shoulders Fracta - Deadcat to 9.4K?
A few possible scenarios:
Trade closed: stop reached
Weak bounce from the TD 9 with a 1-4 candle correction, now heading back down.
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