TraderCobb

No Longer A Bull On Bitcoin (short term)

BINANCE:ADAUSD   Cardano / US Dollar (calculated by TradingView)
There are 3 types of trends, up-trend, down-trend and n-trend. Currently bitcoin is in no-trend as it has a higher high and lower low. It is for this reason that I am more focused on shorting the other markets in the top-10 that have great down trends.

Comments

Any thoughts on the potential Inverted H&S on the 4hr?
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TraderCobb notcoolyet
@notcoolyet, Not yet. Just look at trend changes and currently nothing there
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notcoolyet TraderCobb
@TraderCobb, thanks for the reply!
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Actually. There are 3 types of trends. Major, intermediate, minor. Up or down depends on the market and the N trend I have never heard of :)
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TraderCobb ChartsOnTime
@ChartsOnTime, You are right on the number that's for sure haha. I just focus on direction because it's what's important since I have 3 options as a trader. I can buy, sell or do nothing. Now you can see what I use the 3 I use haha
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