last bull run cycle, the correction will be 30% that we have heat.
we bellow the 21ema daily that is the yellow line
we are in a bear flag but bouncing up
I have 3 resistance that we got rejected yesterday been having this resistance for a while.
are we done with the correction or we will get a long final dump , to 21 ema weekly
we bellow the 21ema daily that is the yellow line
we are in a bear flag but bouncing up
I have 3 resistance that we got rejected yesterday been having this resistance for a while.
are we done with the correction or we will get a long final dump , to 21 ema weekly
Comment:
last 2017 correction around 30% each
Comment:
this correction
Comment:
yesterday candle quite bear to me .
Comment:
monthly has a big wick, similar to last correction
Comment:
in the 4h is a retest of a broken resistance
Comment:
in the 1hr time frame bulls are trinying a double bottom
Comment:
Comment:
death cross in the 4h
Comment:
figthing the previous support know resitence, and the red curve resistance.
Comment:
if we break this curve red resistance it has meaning we been fitting it since beginning of correction.
Comment:
so we broke both resistance, and the daily 21 ema , I think the two yellow curves I been growing as a double bottom are been confirm. it could be a false breakout, but as I said before breaking the red curve had meaning
Comment:
we found a resistence and now where are testing the resistance that has converted in support , ideally it will hold and bounce back, but something is off, for know less get the confirmation this is now a support.
Trade closed manually:
this is the end of the idea, at the end bulls fought back and manage to create a double bottom.
I closed a short I had from 37k , one time we cross back the blue line .so small profit.