Is this a second leg trap on Bitcoin in 1 hour?
Reasons:
1- The previous bear leg was so strong that the bull leg went all the way back. Big up, big down, confusion, TR
2- %50 pull back of the previous bear leg
3- Top of the broad bull channel, bear flag
We can take a short position here and another one a bit higher We can go to a lower timeframe and open the position based on the signal candle
Reasons:
1- The previous bear leg was so strong that the bull leg went all the way back. Big up, big down, confusion, TR
2- %50 pull back of the previous bear leg
3- Top of the broad bull channel, bear flag
We can take a short position here and another one a bit higher We can go to a lower timeframe and open the position based on the signal candle
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.