Bearish divergence in TRIX indicator, top of Bollenger band
TRIX is indicating weakening momentum. BTC is sitting at the top of the bollenger band. Wait for the TRIX indicator to start to hook down for confirmation. If confirmed, a retest of $8,200 is likely.
I am not a professional or financial adviser. This is for educational purposes only and is not advise to buy or sell.
I am not a professional or financial adviser. This is for educational purposes only and is not advise to buy or sell.
Trade active:
The TRIX indicator has started it's downward hook. The correct way to trade this indicator would be to wait until it crosses over "0". I am making this trade a little prematurely. This has a higher potential reward but at a greater risk of the price not dropping as expected.
The MACD is having a bearish crossover and price is moving away from the upper band of the Bollinger Bands to support this decision.
Happy trading
I am not a professional or financial adviser. This is for educational purposes only and is not advise to buy or sell.
The TRIX indicator has started it's downward hook. The correct way to trade this indicator would be to wait until it crosses over "0". I am making this trade a little prematurely. This has a higher potential reward but at a greater risk of the price not dropping as expected.
The MACD is having a bearish crossover and price is moving away from the upper band of the Bollinger Bands to support this decision.
Happy trading
I am not a professional or financial adviser. This is for educational purposes only and is not advise to buy or sell.