RodrigoGarreton
Long

The Bulls to power - Los Toros al poder

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We are seeing resurgence of bulls pumping, I think the profession will be fulfilled xD

Estamos viendo resurgimiento de toros bombeando, creo que la profesia se cumplira xD
Trade active: small recoil, bulls devouring delicious bear meat, what do you think? end of the bearish trend?
Trade active: Attention! Do not panic!
Btc
Vulnerating trend line / support adopted hours ago, it is likely that a trap will be sold to sell, wait for confirmation
Comment: objective 8470
Hi, thanks for the idea. Shouldn't volume be higher on right shoulder (on a bigger inverted H&S)?
Reply
mi_khan kometonja
@kometonja, Might be. But I would image that the volume will come ones the breakthrough has been confirmed.
Reply
@kometonja @mi_khan, I agree with the lack of volume, but keep in mind that we come from a previous downtrend, the most likely is that the volume will trigger once the change of trend is confirmed, on the other hand, I am also noticing an effort to control the stochastic for that does not trigger overbought
Reply
kometonja RodrigoGarreton
@RodrigoGarreton, can you please explain the latter one: Why is it important not to trigger overbought in general? Is it because of bots / automated trading or? Just trying to understand.
Reply
siwe7 kometonja
@kometonja, if it is "overbought", then this would be a sell signal. some short-term traders and likely some bots may pay attention to that.
but these indicators are always relative, because it depends on the time range you are looking at.
Reply
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