Do you think we will see a retest $43 & bounce for a reversal? ~ or are you seeing a retest of $43 with a small bounce (false reversal) and dropping to the .786 retracement @ 25.71 area ...possibly even test the previous major resistance of $23 area before bullish reversal? ^Bearish Evening Star Doji on the Daily...(or do you feel candlestick patterns are less intuitive with Crypto?)
stewdamus
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@Black_Sheep1, Either scenario is possible. I don't discount any indicator. Candlesticks are still significant. Especially, when pair with all other data/indicators/trading techniques/etc. However, everything in the crypto space right now, pretty much rides on the big dawg, BTC. Where BTC goes, immensely helps to determine where all else goes at this point.
Black_Sheep1
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Just saw this on 2/1/2022 - so far the technicals are spot on. Really nice work.
~ or are you seeing a retest of $43 with a small bounce (false reversal) and dropping to the .786 retracement @ 25.71 area
...possibly even test the previous major resistance of $23 area before bullish reversal?
^Bearish Evening Star Doji on the Daily...(or do you feel candlestick patterns are less intuitive with Crypto?)