-Yurlo
Hello trading/crypto community, I hope everyone had a great weekend and took time to further their knowledge and wisdom as a trader.
Price action discussion:
#1: Smart money filled position (retail participation phase or dumb money entering the market) ~ public participation #1 (end of July, early August)
#2: Still making higher highs ~ public participation #2
#3: Bearish divergence (declining oscillator + rising price) ~ August 17th initiated the downtrend
#4: Change of direction/momentum confirmed ~ September 2nd (lower high) ~ (distribution phase)
#5: Swing highs connecting phase (a, b, 1)
#6: Change of trend direction (August 17th - September 30th)
#7: (Rising wedge pattern ~ initiated from above, will tap the trend line connecting lower highs, then continue in a bearish trend)
Hello trading/crypto community, I hope everyone had a great weekend and took time to further their knowledge and wisdom as a trader.
Price action discussion:
#1: Smart money filled position (retail participation phase or dumb money entering the market) ~ public participation #1 (end of July, early August)
#2: Still making higher highs ~ public participation #2
#3: Bearish divergence (declining oscillator + rising price) ~ August 17th initiated the downtrend
#4: Change of direction/momentum confirmed ~ September 2nd (lower high) ~ (distribution phase)
#5: Swing highs connecting phase (a, b, 1)
#6: Change of trend direction (August 17th - September 30th)
#7: (Rising wedge pattern ~ initiated from above, will tap the trend line connecting lower highs, then continue in a bearish trend)
Trade active
Never take any risks that arent protecting your capital first
Trade active
Trade active
Trade active
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.
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.