Daily inside bars and potential bull flag.
don't get too excited thou- whipsaw's and trading Bots are making this market really annoying. All trading signals should be taken with a grain of salt in the current market condition. Enter the trade but be conservative. Think of the long run are you going to care if you bought at $6500 or $7200 when the price is $50K?- either way you'll be paying off your mortgage.
Good luck
Consider this-- funds/company/bots (smart money) are moving this market around in unusual ways. This pattern is EASY and OBVIOUS- which can mean retail traders can get crushed. The most profitable patterns are where everyone is wrong and masses rush for the exit. If I was smart money with deep pockets it would be a descent time to trigger some retail trader stop buys and then turn the price around. (look what just happened a few days ago)
Watch for false breakouts.
Daily candlesticks
don't get too excited thou- whipsaw's and trading Bots are making this market really annoying. All trading signals should be taken with a grain of salt in the current market condition. Enter the trade but be conservative. Think of the long run are you going to care if you bought at $6500 or $7200 when the price is $50K?- either way you'll be paying off your mortgage.
Good luck
Consider this-- funds/company/bots (smart money) are moving this market around in unusual ways. This pattern is EASY and OBVIOUS- which can mean retail traders can get crushed. The most profitable patterns are where everyone is wrong and masses rush for the exit. If I was smart money with deep pockets it would be a descent time to trigger some retail trader stop buys and then turn the price around. (look what just happened a few days ago)
Watch for false breakouts.
Daily candlesticks
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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.