MarioCryptoFib

BTC bull trap? Shall I short? Not yet, wait for confirmation

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is facing a major resistance ahead, $6300 $6500, will bulls break it or going to low get some more fuel?
What TIME-FRAME Bearish Candle confirmation do you prefer? (P.s. I'm a short-term Trader).
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@mhfcrypto, I'm a scalper most of the time looking at 15m candles and 1h. I'm expecting a bearish candle to form on 1h plus indicators divergences on 1h - 15m. If I want to see a trend change, 4h bearish candle is my confirmation ( doji , shooting star with a big up wick ). Once the price is reaching an important resistance, we will see a change fast, if the price is consolidating under the resistance, most likely it will break that resistance, but if it's reaching an important resistance, definitely we will see a beautiful bearish candle.
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mhfcrypto MarioCryptoFib
@MarioCryptoFib, agreed. I'll follow you :-)

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@mhfcrypto, thank you!
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