Daytraiding with Bitcoin. A panic wave of selling. Bearish trend
Updated
Hello to all of you Matthew. The price broke through certain criteria, so before us is finally the beginning of the correction. Targets on the chart. the issue with long's for you to decide, we're taking positions at short. We have another big wave of a fall on the 5000-4500 in front of tothemoon. Yesterday passed 3 wave of sales, it extended and broke the formation of the final diagonal triangle. I, in turn, hurried thinking that a correction will begin on the 7300 levels
Note
head and shoulder breakdown. All according to plan
Trade active
according to the rules of alternation, the correction can take several days. During this time we will gather short positions and fix long ones, if any. At the end we will update at least 6000Note
The correction structure is drawn
Note
ideal time for long
Note
only for daytraidersNote
wave B is ready
Note
most likely formed by the double bottomNote
now the momentum is up within the last wave of correction C. because of the double bottom it will be strong
Note
the movement is very slow, will we make a double bottom or 5 momentum will remain there?
Note
also the pattern on the RSI
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.