Tweezer top and a 9 on the 4 hour indicating possible short term reversal.
This 4 hour candle runs out in about 3 hours ,
if BTC is not past 9450 by then it can drop to 88xx or 83xx and then bounce higher
ill stop loss exit at 87xx
This 4 hour candle runs out in about 3 hours ,
if BTC is not past 9450 by then it can drop to 88xx or 83xx and then bounce higher
ill stop loss exit at 87xx
Comment:
The tweezers top reversal is confirmed by the next candle not closing above the tweezers . in this case 9450
Also BTC has come back down to test the top of the ascending triangle .
This test sometimes occurs before the coin moves higher
BTC should bounce off the top of the triangle and not drop inside the triangle ( ie below 88xx ) if its moving higher,