Super simple downtrend, 3 wicks. Must break 9.8-9.9k to confirm end ~3 year bear trend.
Reasoning - double top at 10.5k was bullish, because it implies the trend is leveling out. If it were another lower high, it would indicate a continuation. But a double top signals to me direction change.
I am standing by for now. Too many past fakeouts, must preserve cap.
Reasoning - double top at 10.5k was bullish, because it implies the trend is leveling out. If it were another lower high, it would indicate a continuation. But a double top signals to me direction change.
I am standing by for now. Too many past fakeouts, must preserve cap.
Trade closed: target reached
And that's that, folks. -proud veteran of the great 2017 bull run + crash
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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.