The Money Spot
What do mortals do in panic?
1. They stalk at price and literally dont do anything.
2. Then, they deny everything.
3. They fear to do anything, then to miss out.
4. They encourage themselves to participate, in panic.
Daily chart shows some clear signs of bear flag
F&G Increased in Consolidation from 19 to 22. That's extreme fear
Bitcoin wants to pullback a little bit too
But I am not taking the trade right now. I am just observing. If everything lines up, I will take the trade. Otherwise - nothing.
1. They stalk at price and literally dont do anything.
2. Then, they deny everything.
3. They fear to do anything, then to miss out.
4. They encourage themselves to participate, in panic.
Daily chart shows some clear signs of bear flag
F&G Increased in Consolidation from 19 to 22. That's extreme fear
Bitcoin wants to pullback a little bit too
But I am not taking the trade right now. I am just observing. If everything lines up, I will take the trade. Otherwise - nothing.
Note
Conclusion: my intradayanalysis is bullshitNote
Work on errors What if the next time we will take a look only on the range itself. When the range has become? When we have higher low
Note
Sorry, paste it twice occasionallyNote
Note
Now, during this range shorts decreased
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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.