Down
I open a short position again BTC/USDTYes, it is very risky, but I again open a short position from 27520
Short (Sell): 27520
Target: 27150 - 26900 - 26600 - 26340
Stop loss at 27750
Yes, I understand that the price returned slowly and confidently to the level that I wrote (27500), but I want to open a short position again, because I need a return to 27000 at least
Dow Jones Index All-Time-High and Bear Flag?
Hello, Traders!
DJI has established an all-time-high
Amidst a pandemic and the worst economic downturn since the Great Depression
However, "Something is rotten in the state of Denmark"
And this something might me manifesting itself in a bear flag
That the Index is now trading in
A bear flag, as the name suggest, implies that the move Down is coming
Which is consistent with the incompatibility of the ATH with the underlying economic conditions
Therefore, I expect a breakout, and a correction on the DJI
Sell!
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Similar to Dec 11th 2017 week?If you look in history back at the candle week starting December 11th 2017. You’ll see a big engulfing candle like the one we just had. Then a retracement wick down to 0.618 Fibonacci. I have sold some XRP at 0.45. If it goes down to 0.31 I’ll be buying back in. I must pace myself. My motto is, ‘always buy low & sell high, no matter what’ God bless. Trade safe. It’s a percentage game. Increment safe wins.
BITCOIN DOMINANCE BACK DOWN TO 55%Bitcoin Dominance Has Had a Nice Run But, It Seems To Re Respecting the Parabolic Resistance.
If The Resistance is True and BTC.D Continues To Trade Within The Yellow Channel, it could go back down to 55%..
And Then Even Lower.
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