This short sell limit has been triggered and now i expect further momentum to the downside region 1.7250.
price should consolidate around this price action. will be watching closely for the pullback.
rejection of 4hr 200 ema. evening star formation reason for entry. many more confluences, im only giving a few though.
I don't trade Bitcoin personally, but I can analyse most Forex charts and Stock charts from a technical perspective. Looks like this pair is heading into a Major resistance zone. With the right price action, there's the potential to get into a short trade.
Price broke significantly through the lows of this move up.
We want to see a healthy level rejection and a bearish break towards the 1.3393 level
I'll keep this chart updated
When it rejects the line, completes the double top and breaks the lows of the retracement, you want to take it short to the 0.9174 level as projected on the chart. Will keep this idea updated
1) Intraday market direction is short
2) In a Bearish Channel
3) Minor support &resistance
3) On the verge of breaking the last HL which is also a support which will create a new HL
and a indication of a trend continuation
& more..
Expecting price to rally down to around 1311.2
