NeoButane

Short term bearish pattern identification

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NeoButane Updated   
COINBASE:BTCUSD   Bitcoin
Entering a short under 8130 doesn't look ideal to me, but it already dropped before I could finish this...

The bit about lower volume on a higher high after a range break is what I look at to indicate top. It is a bluff by the 'market makers' to thin out the orderbooks and allow the price to float up without pressure, or simply shift the orders higher, to catch stops right above what was assumed to be the high.

Ranges are different on every timeframe and ideally one adjusts position size according to the size of the range and avail. portfolio to burn
Comment:

Blue line denotes where TradingView posted an article on the Iranian missile strikes: www.dailyfx.com/fore...s-Eyes-on-Trump.html

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Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
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