The new candle on 1 day chart had just formed as we just close the day per UTC.
The new candle is bearish engulfing candle that embody 2 previous candles and it just makes the pattern looks like three falling pattern.
As we see, the pullback as the over sold on 4hour has make a channel that ready to break down.
The channel on 1D chart formed from 50 MA and 100 MA.
I think we need to hold the above 50 MA to make sure that we still on the bull market.
In addition, the hidden bearish divergence on very big channel scares me.
Before, i didn't see it as hidden bearish divergence because we break very hard resistance from All Time High, but now, in 3 previous days i don't see the way that we back to the bull track even when the consensus 2018 is being held. And, i don't see the consensus bring fresh money yet till the 2nd day.
Be safe guys! I hope this can help you to consider your position :)
Dont forget to follow my twitter @bagusEmeraldo!
The new candle is bearish engulfing candle that embody 2 previous candles and it just makes the pattern looks like three falling pattern.
As we see, the pullback as the over sold on 4hour has make a channel that ready to break down.
The channel on 1D chart formed from 50 MA and 100 MA.
I think we need to hold the above 50 MA to make sure that we still on the bull market.
In addition, the hidden bearish divergence on very big channel scares me.
Before, i didn't see it as hidden bearish divergence because we break very hard resistance from All Time High, but now, in 3 previous days i don't see the way that we back to the bull track even when the consensus 2018 is being held. And, i don't see the consensus bring fresh money yet till the 2nd day.
Be safe guys! I hope this can help you to consider your position :)
Dont forget to follow my twitter @bagusEmeraldo!
Comment:
It was 30 minute ago, and here bear go haha