YourEverydayTrader

YourEverydayTrader

Bitcoin has hit the bottom of the channel. In some cases this would be a reversal signal to the top of the channel. however, I do not see Bitcoin going up from here. The volume on the sell side is strong, and this bear flag is looking like a great short set up to 3500 and 3000. Enter a short o. Confirmation of the break below the channel.

YourEverydayTrader

Hello Traders, Bitcoin looks like it's starting to reverse from within the bottom of the channel. My target set near the Ichimoku. YourEveryDayTrader

YourEverydayTrader Updated 

Hello Traders, Bitcoin is currently sitting below the Ichimoku cloud. It has broken through the cloud with convincing volume and has looked like a bear flag since. These are bearish signs. Last time it looked like a bear flag, it ended up not being a bear flag. I speculated that the volume at 3850 was strong and didn't take a short nor a long. However, unlike...

YourEverydayTrader

Hello Traders, I see signs of weakness. Volume has been decreasing since the run up. Price is currently sitting inside the ichimoku which is a no trade zone imo. Inside looks like a bear flag set up. However, some volume came in at the buy on 3850. We need to see a break out of the ichimoku with good volume for this to turn bullish. As for now, I expect a break...