Short

BTCUSD / D1 : Market replay of a crash pattern compared to BTC

Updated

Hope this idea will inspire some of you !
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Indicators used in this forecast are PRO Sinewave & PRO Momentum.
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil

If you want to learn more about the basic rules to trade with my indicators here's the educational video link :

Trade active

Today's bearish engulfing pattern on daily chart tends to confirm the potential reversal signal anticipated... Yet the price is still working the speculative area... Validation will be done only if we break down the 10250 support. Until then... no leveraged positions are possible. A bullish breakout is still possible.. (low probability but still a risk whatsoever). Only trading posture here is to short swith low leverage, wait & see... or simply wait for the confirmation at 10250 to enter at low risk..

Note

Looks like the buzzy 2014 crash comparison I made a while ago was actually just right ! Despite everything that I've heard back then.. like "it's different", ... now that we have it in front of us... I want to say... was it ?

Entering the final crash emotional phase : "Despair"

PRO_Indicators

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