Buyers failed to push price to 25k or above,, and we are getting signals of weakness from their side.
1. RED Renko brick following a string of greens.
2. Daily Engulfing candlestick
3. 4H time frame. Price came down in the consolidation range between 21k and 23k
4. On 1H, price is moving under MA100
With this being said, you want to take action only if the fowling scenarios will happen on H4
1. BUY if the price will break again above 23k resistance level.
2. SELL if the price will go under 21k, and close with some aggressive full candlesticks.
Remember to always adapt to new signals that market is giving to you, and never stay to one single bias.
Don't Stumble Trading. Trade Safe!
1. RED Renko brick following a string of greens.
2. Daily Engulfing candlestick
3. 4H time frame. Price came down in the consolidation range between 21k and 23k
4. On 1H, price is moving under MA100
With this being said, you want to take action only if the fowling scenarios will happen on H4
1. BUY if the price will break again above 23k resistance level.
2. SELL if the price will go under 21k, and close with some aggressive full candlesticks.
Remember to always adapt to new signals that market is giving to you, and never stay to one single bias.
Don't Stumble Trading. Trade Safe!
Comment:
If price brakes above 24.100, than we might get a chance to see this at 27k