UnknownUnicorn4304403

BTC 1 hr (signs of a dip were clear) 8/6/2019

BINANCE:BTCUSDT   Bitcoin / TetherUS
Looking at the hourly to see if the dip was predictable and the writing was on the wall with this dip. We had a shooting star followed by 2 inverted hammers. All bearish when at the top of an uptrend like the one we were in. If you can see things like this before the dip (I missed them til just now but my stop loss saved me) You can understand that a dip was likely in the cards after the 3 bearish candles. This is why switching between time frames is important.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.