Double top + bearish engulfing 4h candle
Short stops were run, now the corn will retrace back to 8000$ and from there further south.
Over all the whole dynamic is very bearish to me, no follow through, no real volume, 8000$ still is to expensive for most right now.
Seems like everybody is chilling down at 7200$ and the last Futures gap...
Over all the whole dynamic is very bearish to me, no follow through, no real volume, 8000$ still is to expensive for most right now.
Seems like everybody is chilling down at 7200$ and the last Futures gap...
Trade active:
Everythings according to plan so far.
#bitcoin moves in a descending triangle and the reaction when it touches the support line become weaker. I expect 1 more bounce and then another leg down to 7600/7200. S/R flips now at 8030 & 8230$, still no relevant change in volume.
$btc $xbt #btc #xbt #btcusd #xbtusd
#bitcoin moves in a descending triangle and the reaction when it touches the support line become weaker. I expect 1 more bounce and then another leg down to 7600/7200. S/R flips now at 8030 & 8230$, still no relevant change in volume.
$btc $xbt #btc #xbt #btcusd #xbtusd
Trade active:
Aaaand here we go.
I admit we went back to the top of the rang around 8800$ which was higher than I had anticipated, but overall there were never bullish signs at all since the last drop. Targets unchanged.
I admit we went back to the top of the rang around 8800$ which was higher than I had anticipated, but overall there were never bullish signs at all since the last drop. Targets unchanged.