BitcoinUpdated Covered Short Position Trend Change incoming
The formation flipped from Distribution to Accumulation. I've covered my short position and I am looking for an entry to go long. More detailed write up later
Note
EDIT: The trade volume (or lack thereof) and the gravestone doji on the monthly simply reinforced my bearish leanings. Re-entered a short at $9,165.00 with stops at $9,280.00. I simply cannot see how price support will remain with such anemic volume and price spread.
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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.