BITCOIN (BTCUSD) – Cash: Selling On A Breakdown Of Inside Bar Pattern
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price formed an Inside Bar Pattern overnight.
Price moved briefly lower from the prior Inside Bar Pattern that had formed last Thursday (We didn’t consider trading this pattern).
Price moved briefly higher from the recent Bullish Pin Bar + Multiple Inside Bar (Combo Setup) that had formed around a week ago (We did not consider trading this setup).
Potential Trade Idea 1: For more aggressive traders, we are considering selling on a breakdown below the current Inside Bar Pattern.
Potential Trade Idea 2: We are considering waiting to see if the current Inside Bar Pattern turns into a Bearish Fakey Setup.
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price formed an Inside Bar Pattern overnight.
Price moved briefly lower from the prior Inside Bar Pattern that had formed last Thursday (We didn’t consider trading this pattern).
Price moved briefly higher from the recent Bullish Pin Bar + Multiple Inside Bar (Combo Setup) that had formed around a week ago (We did not consider trading this setup).
Potential Trade Idea 1: For more aggressive traders, we are considering selling on a breakdown below the current Inside Bar Pattern.
Potential Trade Idea 2: We are considering waiting to see if the current Inside Bar Pattern turns into a Bearish Fakey Setup.
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.
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.