Double top + bearish engulfing 4h candle
Short stops were run, now the corn will retrace back to 8000$ and from there further south.
Over all the whole dynamic is very bearish to me, no follow through, no real volume, 8000$ still is to expensive for most right now.
Seems like everybody is chilling down at 7200$ and the last Futures gap...
Over all the whole dynamic is very bearish to me, no follow through, no real volume, 8000$ still is to expensive for most right now.
Seems like everybody is chilling down at 7200$ and the last Futures gap...
Trade active
Everythings according to plan so far.#bitcoin moves in a descending triangle and the reaction when it touches the support line become weaker. I expect 1 more bounce and then another leg down to 7600/7200. S/R flips now at 8030 & 8230$, still no relevant change in volume.
BTC XBT #btc #xbt #btcusd #xbtusdTrade active
Aaaand here we go. I admit we went back to the top of the rang around 8800$ which was higher than I had anticipated, but overall there were never bullish signs at all since the last drop. Targets unchanged.
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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.