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FDZinvestor
Aug 9, 2017 5:40 AM

MXN-BTC touching 2nd support and rising again Short

Description

It will fall till the second support as told before and then bounce up and navigate between the new resistence, or break the support and fall
Comments
germelcar
What about ETH/MXN? Thanks in advance.
FDZinvestor
@germelcar, Its going up quickly, wait fot the "shooting star" or the "hanging man" to appear, and then confirm the downhill with the next candle. It"ll be soon
germelcar
@FDZinvestor, Sorry FDZinvestor, I do not understand what do you mean by "shooting star" or "hanging man" to appear. Could you please be more specific? Thanks in advance.
FDZinvestor
@germelcar, Ok, both are patterns that we an easily identify. The hanging man appears near the top of an uptrend and is often seen as a loss of bull momentum or possible bearish reversal. And the shooting stars appear at the top of an uptrend and are also seen as a loss of bull momentum or reversal. So you have to be aware of those in order to know where the downtrend is starting.

germelcar
@FDZinvestor, It's more clear to me. Thanks for the explanation.
FDZinvestor
@germelcar, Thanks to you men. Greetings from Mexico
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