Cordali

bitcoin 4 hour possible reversal descent into the retest

BINANCE:BTCUSDT   Bitcoin / TetherUS
Yesterdays AB=CD set up was impeccable and took approximately a week and some change to finally take off appropriately. I hope you guys saw the entry as well on the 45 time frame post I had posted. Although it was a small 5% growth from the initial floor setup and 2.3% or so from the continuation confirmation, something is better than nothing because patience rewards and those percentages add up in the long run. For you option traders, I'm sure you had a ball park of a time with that take off. Okay so back to pressing matters, there seems to be a potential reversal back into a retest zone due to the indecision at the top of the trend there which is followed by a small volume seller candle. Granted, sellers need to push it rather far and compete with the buyer tsunami on the side but as we all know, Bitcoin does the impossible all the time so don't enter without first seeing where price settles at such as looking for the long wicks, the average price number it continuously rests at without moving to far and pay attention to the seller/buyer engulfing candles. There is a huge possibility that there will be a wave of seller candles too so do not buy expecting to turn the tides if there is no proof of the tides turning. Happy trading and have fun. For today, I have no re adjusted my chart all to much expect move my Orange Trend Line to coincide with what is going on currently. Floors and roofs are seemingly still consistent with what is currently going on. As usual, I did not proof read this and I am not here to tell you what to do. I am here as a humble guide to clear up the confusion.
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