BTC
Updated
Thought on our recent pull back (HT). Trend on the daily has obeyed HUER indicator the entire run. Only on 2 occasions has it violated. In those instances basically immediate reclaims on the daily. I want to see the same thing occur here again for confluence the upward trajectory can continue. Spending time below would cause me on a daily time frame to consider that the overall movement has downside. Simple. Close D1 above 53k and start to mark up. No reclaim No longs. Its ok to wait for confirmation there will be plenty of meat on the bone if the trend continues higher. One thing to note on this drawn down the selling was more aggressive on spot. Understandable given where we are. But those folks are closing selling to close and most transacted at the lvl we find ourselves now or slightly above. Food for thought. GL
Note
Claimed.
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.