What problem do bulls have
OK if we follow the indicators and candle signals and price action
We have to look at the most likely outcome and ask ourselves
What is the chances of this happening
What is the Conditions we are making this decision under
How valid is it.
QUESTION 1 WILL WE SEE A BREAK OUT
Let's ask the easiest question
IS THE MARKET AT RESISTANCE
ANSWER YES.
IS THERE ANY TURNING SIGNALS
ANSWER YES
A DOJI PULLING BACK UNDER RESISTANCE AND DROP FORMING BEARISH INGULFING ON 1H.
QUESTION WHAT IS THE CONDITIONS
WELL WE HAD A RALLY TO TOP OF BOX RANGE
TWO FAILED BREAK OUTS
HMMM
ADX HAS SHOWN BULL STRENGHT HAS BEEN NEUTRALIZED BY CONSOLIDATION
RSI IS UNDER 50 A NEGATIVE SIGN
WE ARE INSIDE THE CLOUD ALSO
CAN WE SAY BREAK OUT IS VALID
RIGHT NOW NO.
TO ME INDICATORS DON'T POINT TO A BREAK OUT
SUPPORT AND RESISTANCE DON'T POINT TO A BREAK OUT
BOX RANGE SUPPLY AND DEMAND DON'T POINT TO BREAK OUT.
I GUESS THE STRONG BULLISH MOVEMENT
AND BULLSH PENDANT ON 4H POINTS TO BREAK OUT
BUT ISIT ENOUGH
ANALYSIS REQUIRE A LOOK AT BOUGHT SIDES OF THE COIN EVALUTE THE PROS AND CONS
LOOK AT ALL ANGLES AND MAKE A CALCULATED DECISION
IF YOUR WRONG WELL YOU DID THE BEST YOU CAN
I THINK A BREAK BELOW THE RED LINE WOULD BE CONFIRMATION OF SELL
We have to look at the most likely outcome and ask ourselves
What is the chances of this happening
What is the Conditions we are making this decision under
How valid is it.
QUESTION 1 WILL WE SEE A BREAK OUT
Let's ask the easiest question
IS THE MARKET AT RESISTANCE
ANSWER YES.
IS THERE ANY TURNING SIGNALS
ANSWER YES
A DOJI PULLING BACK UNDER RESISTANCE AND DROP FORMING BEARISH INGULFING ON 1H.
QUESTION WHAT IS THE CONDITIONS
WELL WE HAD A RALLY TO TOP OF BOX RANGE
TWO FAILED BREAK OUTS
HMMM
ADX HAS SHOWN BULL STRENGHT HAS BEEN NEUTRALIZED BY CONSOLIDATION
RSI IS UNDER 50 A NEGATIVE SIGN
WE ARE INSIDE THE CLOUD ALSO
CAN WE SAY BREAK OUT IS VALID
RIGHT NOW NO.
TO ME INDICATORS DON'T POINT TO A BREAK OUT
SUPPORT AND RESISTANCE DON'T POINT TO A BREAK OUT
BOX RANGE SUPPLY AND DEMAND DON'T POINT TO BREAK OUT.
I GUESS THE STRONG BULLISH MOVEMENT
AND BULLSH PENDANT ON 4H POINTS TO BREAK OUT
BUT ISIT ENOUGH
ANALYSIS REQUIRE A LOOK AT BOUGHT SIDES OF THE COIN EVALUTE THE PROS AND CONS
LOOK AT ALL ANGLES AND MAKE A CALCULATED DECISION
IF YOUR WRONG WELL YOU DID THE BEST YOU CAN
I THINK A BREAK BELOW THE RED LINE WOULD BE CONFIRMATION OF SELL
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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.
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.