Strong Sell Opportunity in 4 Hours Chart for Bitcoin
Since the 200 SMA is respected and the trendline I drew is broken, I take a loss from my position in my recent idea (see the link to related ideas). I lose a little compared to what I will gain this day.
This is very bearish and we might get a big dump later this day.
The DMI indicates that:
1. -DI is going above 30 level and it is above the ADX and +DI so this is very bearish.
2. As long as the -DI is above the ADX, I will hold my short position.
This is very bearish and we might get a big dump later this day.
The DMI indicates that:
1. -DI is going above 30 level and it is above the ADX and +DI so this is very bearish.
2. As long as the -DI is above the ADX, I will hold my short position.
