Bitcoin showing bearish engulfing candle (outside bar) which can be interpreted as a MOMENTUM reversal (not to be confused with a TREND reversal). The broader structure is still BULLISH which means probability continues to favor longs. This does NOT mean we can just buy at any price. The objective is to ANTICIPATE the next inflection point or support level where...
#Bitcoin order flow has produced a bearish outside bar within the low 9K region which is a minor resistance area. This can be interpreted as a sell signal, especially if followed by an inside bar over the next day or two. In this analysis, I am going to cover HOW we interpret this kind of price action relative to our LONG only swing trade strategy. My objective is...