It is at resistance, giving me the momentum candle I look for to indicate price will continue downward. If that bearish engulfer closes in this fashion, it may be a good entry for a short. The fact that it is breaking back into the triangle structure is pretty telling. Confirmations are key. Without confirmations, there is no trade!
Check out my previous Bitcoin analysis video.
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Playing out as expected. Did you catch the short? I would love to hear from you in the comments. Thanks.
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Things are getting hairy for hodlers... I'm hoping some benefited from my bearish calls based solely on TA.
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