Overview:
Short-term bear trend in the context of a longer-term bull trend.
Resistance @ 13000-13500
Support @ 10000
Symmetrical triangle (continuation signal) + falling volume.
Inside bar setup w/ false break (blue rectangle)
Keep an eye on which way the price breaks--above or below the triangle and inside bars.
Remember that we are in a bear trend. Trades counter to the trend are certainly possible...just more risky. BTC has a lot to prove before we can say that the bear-trend is no longer in valid.
Short-term bear trend in the context of a longer-term bull trend.
Resistance @ 13000-13500
Support @ 10000
Symmetrical triangle (continuation signal) + falling volume.
Inside bar setup w/ false break (blue rectangle)
Keep an eye on which way the price breaks--above or below the triangle and inside bars.
Remember that we are in a bear trend. Trades counter to the trend are certainly possible...just more risky. BTC has a lot to prove before we can say that the bear-trend is no longer in valid.
Note
Getting close to a Bump and Run?Note
It's happening...
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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.
Related publications
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.