Finally Bull Trend is "Over" and welcome to Bearish 2021
And from main chart we can note that daily turned very bearish while monthly double top indicate that trend change to downside is eminent.
I have been bearish for over 3 months and I am continuing the same this whole year until I see reasonable signs of bullish trend
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Take opportunity to exit on this daily candle
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day started bearish and bears getting control over the price, here is when there can be a sharp decline in price resulting in trend change
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Today we witnessed a sharp decline to 60k and back to normal price and this is a good sign to proceed with the short, here are trade details:
Short 63 -63.4k
target 29.6 - 36.9k
stop 64.9 - 65.8
Short 63 -63.4k
target 29.6 - 36.9k
stop 64.9 - 65.8
Đóng lệnh: dừng lỗ:
BTC bear trend my start from here but sadly our stop so it is not any wise to continue this trade. However we can jump back to short under 59k which can lead to huge dip
Bình luận:
We got out of our short at the right time under 65k before price hitting 69k. Now price back to bearish mode and we can continue our short position
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I will make a detailed new post soon
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What I have been saying? # days delayed to end of the Month