Super simple downtrend, 3 wicks. Must break 9.8-9.9k to confirm end ~3 year bear trend.
Reasoning - double top at 10.5k was bullish, because it implies the trend is leveling out. If it were another lower high, it would indicate a continuation. But a double top signals to me direction change.
I am standing by for now. Too many past fakeouts, must preserve cap.
Reasoning - double top at 10.5k was bullish, because it implies the trend is leveling out. If it were another lower high, it would indicate a continuation. But a double top signals to me direction change.
I am standing by for now. Too many past fakeouts, must preserve cap.
Trade closed: target reached:
And that's that, folks.
-proud veteran of the great 2017 bull run + crash
-proud veteran of the great 2017 bull run + crash