BTC USD Short - What goes up, must come down
-we're over extended from the original price target from the previous ascending triangle breakout
-we're forming a doji on the hourly candle
-there's been a crazy amount of violent swings
-9 on the TD indicator is also a loss of momentum
Not sure what the price target will be just yet, but this looks like a good take profit situation
-we're forming a doji on the hourly candle
-there's been a crazy amount of violent swings
-9 on the TD indicator is also a loss of momentum
Not sure what the price target will be just yet, but this looks like a good take profit situation
Note
4 hr chart has formed a huge doji to match the 1 hour chart, reinforcing this initial idea. Will continue to reevaluate over the next couple of hours
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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.