I want to challenge everyone to search all the trading days between March 13 2020 and April 14, 2021, and see if they could find bitcoin has had 8 consecutive days with lower highs..!
As you see in the last 8 days bitcoin experienced a unique situation and has had 8 lower highs..!
A reversal is when the direction of a price trend has changed, from going up to going down, or vice-versa.
Traders try to get out of positions that are aligned with the trend prior to a reversal, or they will get out once they see the reversal underway.
Reversals typically refer to large price changes, where the trend changes direction. Small counter-moves against the trend are called pullbacks or consolidations.
When it starts to occur, a reversal isn't distinguishable from a pullback. A reversal keeps going and forms a new trend, while a pullback ends and then the price starts moving back in the trending direction.https://www.investopedia.com/terms/r/reversal.asp
As you see in the last 8 days bitcoin experienced a unique situation and has had 8 lower highs..!
A reversal is when the direction of a price trend has changed, from going up to going down, or vice-versa.
Traders try to get out of positions that are aligned with the trend prior to a reversal, or they will get out once they see the reversal underway.
Reversals typically refer to large price changes, where the trend changes direction. Small counter-moves against the trend are called pullbacks or consolidations.
When it starts to occur, a reversal isn't distinguishable from a pullback. A reversal keeps going and forms a new trend, while a pullback ends and then the price starts moving back in the trending direction.https://www.investopedia.com/terms/r/reversal.asp
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Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.