The candle sticks in this graph are obviously following a trend if the candle sticks break the trend line from above then the obvious decision is to open a long position but i dont think that will happen. I believe that the candle sticks will continue to follow the trend until they reach the fair value gap where its a short position. But i will wait for the candle...
A brief analysis of Bitcoin: After a prolonged accumulation phase that lasted from the beginning of August until now, the phase of manipulation has begun as we near the end of the month. While most traders opened long positions expecting a breakout above the resistance level, the price reversed to collect stop-losses from retail traders. On the weekly timeframe,...
