Look how many times HOT retested the Blue trendline - 10!!
It would be reasonable to assume this will continue.
We even had a Fake Buy signal Bull trap - we know when to ignore this by using the Volume Indicator - there was no reason for us to Buy so we ignored it and missed the losing trade.
Just to note - there will be a trend change at some point, but don't let this scare you out of a trade. Until we have more buying Volume, this will CONTINUE to be a SHORT opportunity :)
Also keep an eye on HOT/BTC chart to see if there is any changes. At the moment it looks bad:
It would be reasonable to assume this will continue.
We even had a Fake Buy signal Bull trap - we know when to ignore this by using the Volume Indicator - there was no reason for us to Buy so we ignored it and missed the losing trade.
Just to note - there will be a trend change at some point, but don't let this scare you out of a trade. Until we have more buying Volume, this will CONTINUE to be a SHORT opportunity :)
Also keep an eye on HOT/BTC chart to see if there is any changes. At the moment it looks bad:
Comment:
We got 1 more awesome HOT SHORT before buying pressure kicked in and we avoided the next Short