Not enough time to explain this one thoroughly, but I noticed the majority of tradingview ideas are long. There's a high number of oscillators showing bearish divergence with price action on the above daily chart following the 'incredible sell' signal.
On each occasion price action corrected at least 50%.
If you're well into profit now is the time to protect them.
WW
weekly chart
Trade active
⋅
Price action becoming very bearish (as is dollar chart):
1) Bearish engulfing candles. 2) Pi-cycle top alert (look left)
Trade active
⋅
Down almost 50% so far. A break of market structure is confirmed.
Trade closed manually
⋅
Despite the continuing broken market structure and 75% correction a trend reversal is now highly probable.
On the 2-day chart below a bullish divergence is printing following a 'incredible buy' signal.
Thank you for your work. Does this also apply to the combination FTM-USD or only FTM-BTC?
thanks in advance.