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schuck15

Kijun Bounce, Bear Candle, Hidden Bear Divs

Short
Bitcoin (BITMEX:XBTUSD.P)  
schuck15 Updated   
BITMEX:XBTUSD.P   Bitcoin
Trend Analysis Technical Indicators Chart Patterns XBTUSD BTCUSD Cryptocurrency
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trendanalysis indicator chartpattern xbtusd btcusd cryptocurrency
I think the bearish trend will continue for these reasons: Below red cloud, hidden bear divs on OBV and RSI, and apparent bounce off the Kijun.

If there is a bearish engulfing candle confirmation I will enter and put my stop loss above the Kijun. I will use ATR to resist any violent wicking up.
Comment:
No Bearish Engulfing Candle for confirmation. Will continue to wait for one.
Comment:
I was really looking for a nearly full bodied 4 hour bear candle there.
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