Cautious : breakout, lateralization, trend failure ... - LDTP #4
Updated
Let's do the point !
Long time since the last idea, boring days happened and observations are criticals :
Lateralization is an absorption of the reversal interest to see a continuation movement.
Failure to have buying volume and so the installation of a trend.
I said in an update on the last idea that I was waiting another selling exhaust to see buying volumes. No exhaust, but we have buying volume, in breakout, and possibly in a buying exhaust. And this is bad for bull side. On a side this exhaust is disproportionate to the trend failure for expect a false breakout (it's not impossible on cryptocurrency market and the panic in the actual market psychology but hard to see -12% tomorrow). On the other side we are already far of the buying pressure and high from levels to see a buying volume here which could bring to a bull trend.
So technically I'm puzzled, not bull before a confirmation of buying volumes, not bear until we have signals proportionate to this breakout. Needless to say, I'm afraid to see lateralization again.
If you had one thing to remember : PATIENCE. Don't dive into the market because you feel like you're missing something.
"Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions"
The answer of all of this is maybe on the weekly timeframe. We will see if we could have many volume this weekend to have a buying volume on a weekly pattern.
Long time since the last idea, boring days happened and observations are criticals :
Lateralization is an absorption of the reversal interest to see a continuation movement.
Failure to have buying volume and so the installation of a trend.
I said in an update on the last idea that I was waiting another selling exhaust to see buying volumes. No exhaust, but we have buying volume, in breakout, and possibly in a buying exhaust. And this is bad for bull side. On a side this exhaust is disproportionate to the trend failure for expect a false breakout (it's not impossible on cryptocurrency market and the panic in the actual market psychology but hard to see -12% tomorrow). On the other side we are already far of the buying pressure and high from levels to see a buying volume here which could bring to a bull trend.
So technically I'm puzzled, not bull before a confirmation of buying volumes, not bear until we have signals proportionate to this breakout. Needless to say, I'm afraid to see lateralization again.
If you had one thing to remember : PATIENCE. Don't dive into the market because you feel like you're missing something.
"Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions"
The answer of all of this is maybe on the weekly timeframe. We will see if we could have many volume this weekend to have a buying volume on a weekly pattern.
Note
Weekly view, waiting the close of the candle to conclude for buying volumes or not.
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