Here's a schiff pitchfork i built using the swing that followed the BTC December bottom.
I would flip my bullish bias if the following happens:
1)channel is broken
2)4hr 200 MA & EMA fail to bounce price back into the channel, and price closes below both
3)daily close below 9100
When number 3 condition is met, I will start shorting. Not before.
I would flip my bullish bias if the following happens:
1)channel is broken
2)4hr 200 MA & EMA fail to bounce price back into the channel, and price closes below both
3)daily close below 9100
When number 3 condition is met, I will start shorting. Not before.
Commentaire:
Nice bounce here back to 10k to confirm the channel's validity.