Highlights when the candlesticks movement is also supported by a major increase in volume. Thus one can assume that a bullish or bearish follow thru is likely to occur. Blue = bullish Yellow = bearish With this i enter only if the blue high or yellow low is surpassed by the very next candle, if not i dont enter. Example.** In $XBT’s month long November 2019...
Stop loss placed if prices breaks the opposite shoulder
Falling price increased volume = bearish 4th test of support = bearish But this is what occured each time shorts have reached this level. Long from 6.3
Everytime shorts reached this level price went up 30-40%
What i see is a spike in longs & shorts, open interest has increased signaling continuation of the trend. Reversal if 1 reaches an extreme or if they both fall off. $XBT at a profit taking fib for shorts rn. If this former resistance doesnt flip into support then were looking at 6.6
What i see is a spike in longs & shorts, open interest has increased signaling continuation of the trend. Reversal if 1 reaches an extreme or if they both fall off. $XBT at a profit taking fib for shorts rn. If this former resistance doesnt flip into support then were looking at 6.6
No one thinks $BTC goes lower at the moment . So i figure.. it goes lower. Here what happened last time shorts were at this level.
Based off fibonacci the .618 extension lines up perfectly with the .5 retracement making it a key resistance.
Road (back) to $10k $XBT $BTC ABC correction forms inverse head & shoulders.