Bitcoin Daily Ananlysis 02.11
Hello, friends! We are still keep a short position, but it went a bit differently than we expected.
In any case, it didn’t even come close to the stop, so we hold the position and it is completely relevant. The price for the 4H chart has already gone beyond the global downward, but we can't say that we are entrenched. We can aprove this only when the price will go higher and will test the global downward trend on the daily chart, but for now this is a false move, and without volume.
Our indicators are already very eager to fall down. StochRSI 4H has just formed the strongest signal for a fall, and the MACD is already beginning to bend and shows that the bulls have weakened.
If we see that the price has broken downward and actively tested it, we will close the position, but we keep it now.
Thank you for your attention!
In any case, it didn’t even come close to the stop, so we hold the position and it is completely relevant. The price for the 4H chart has already gone beyond the global downward, but we can't say that we are entrenched. We can aprove this only when the price will go higher and will test the global downward trend on the daily chart, but for now this is a false move, and without volume.
Our indicators are already very eager to fall down. StochRSI 4H has just formed the strongest signal for a fall, and the MACD is already beginning to bend and shows that the bulls have weakened.
If we see that the price has broken downward and actively tested it, we will close the position, but we keep it now.
Thank you for your attention!
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