Stong break out bars like this don't come on their own. There is another leg down of this impulse move to come, and looking at higher timeframes, seems to confirm the Bearish case for BTC more and more. This might be a good entry for a much bigger move down to lower $6K area.
Comment:
Obvious 3 Bar play Stop Run has triggered on Finex on that 30 min Doji Candle. This is the reason for allowing a bit of headroom beyond obvious Stop Loss levels, for placing your actual Stop Loss. This trade is still good. The 30 min candle which ran out a few Stop's looks to be finishing in the red, now watching for a breach of that candles low at 7760 for confirmation of continuation of trend.
Trade closed: stop reached:
Kaboom!
Stop Loss is triggered.
This is a fine example of the market luring people into text book trade setups, and then flushing them out.
Stop Loss is triggered.
This is a fine example of the market luring people into text book trade setups, and then flushing them out.