BTCUSD - XBTUSD What to expect on 4hr - BITCOIN BITMEX

So it looks like we broke the level to hold (the circled area). Price action closed below the last leg to your local high, this is a signal of possible trend reversal, its never 100% but probably top 3 if not top way to confirm changes in trend. This could be the pullback after the close that I always talk about, I'm personally taking a small short here and will add if price moves up but doesn't gain the previous local high. Id look for the retest of the next level down and if it closes below that it will continue to drop.

Commentaire:

And there's the drop I was looking for. Got a nice pullback after it closed below 8442 and then the drop. GG ladies and gents.

Commentaire:

Hope everyone isn't getting chopped up in this range right now. Not a bad place to get short or add to your short as it may have just failed to gain on the 2hr, and daily momentum is point downward. my stops are in profits and ive added here at 7800 again, looking to take profits mid way and then again at the bottom of this range. im expecting more drop, gg.