Great rally by Bitcoin we may see profit taking above 42000.
I have shared the reason of why bears are still in control on chart.
If you are defensive trader or want to mitigate the risk than this chart is for you.
Based on analysis, it seems that this share is in bearish trend. Better to wait for good days. I have put my analysis details on chart.
I have used HH HL method to identify bullish run. Hope for best
Based on LH LL technique I believe it should go down
We should wait for next HL for entry but can enter right now with stop loss mentioned in the chart
I have used simple LH and LL technique to make decision. Hopefully it will work
Based on LH - LL technique, should be short sell with stop loss mentioned in the chart
It seems that Currency will show bearish trend
Based on HH HL technique I believe long position should be taken