A CLEAR short for Bitcoin
Like my previous charts, I like to keep them neat, clean and tidy with a clear chart speaking a thousand words. Suffice to say, we get analysis wrong from time to time and this is inevitable. However, my charts have been particularly reflective although highly obvious that the trend was turning bearish.
In this chart, I convey quite a simple analysis. Two trend lines that if broke, WILL see us move $1,500-2,500 to the downside. Now of course you long and short periodically, but why scalp a trend that is not yet consumed. And that trend is clearly bearish. We have broke down from major support levels, with epic failure on moving averages.
If we break, and when we break that critical area level, we will plummet with huge sell volume. Trading the weekly is my current intended time marker, whilst cross-referring to the daily, H4 and H1.
If you're long, this time, you will be wrong.
In this chart, I convey quite a simple analysis. Two trend lines that if broke, WILL see us move $1,500-2,500 to the downside. Now of course you long and short periodically, but why scalp a trend that is not yet consumed. And that trend is clearly bearish. We have broke down from major support levels, with epic failure on moving averages.
If we break, and when we break that critical area level, we will plummet with huge sell volume. Trading the weekly is my current intended time marker, whilst cross-referring to the daily, H4 and H1.
If you're long, this time, you will be wrong.