New lower low?
Hi traders,
We are in bearish market. In previous bullish market, we see that the increases between higher lows and higher highs were getting smaller over the time ( also we may think its momentum was decreasing. ). By looking first increase (150%), and second increase(%100), we may see that the momentum has decreased to 2/3 of its initial power. So, I was thinking if it is valid for the current bearish trend.
If this is the case, after 50% decrease between Lower high and Lower low, we may expect that a new lower low hit 26K's by making 36% fall.
In case of sharp fall, I expect that it will bounce back strongly from 26k's. It may be good price to take a position with Stop Loss.
Candle closes below the grey area is a warning for us to be cautious.
Stay safe.
We are in bearish market. In previous bullish market, we see that the increases between higher lows and higher highs were getting smaller over the time ( also we may think its momentum was decreasing. ). By looking first increase (150%), and second increase(%100), we may see that the momentum has decreased to 2/3 of its initial power. So, I was thinking if it is valid for the current bearish trend.
If this is the case, after 50% decrease between Lower high and Lower low, we may expect that a new lower low hit 26K's by making 36% fall.
In case of sharp fall, I expect that it will bounce back strongly from 26k's. It may be good price to take a position with Stop Loss.
Candle closes below the grey area is a warning for us to be cautious.
Stay safe.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.