Market structure Shift? OR Fakeout?!
It seems like we MAY have have seen a market shift “signal” in #BTC with the W formation with a HL AND ON TO ITS SECOND “wave”
If we break this zone to the topside I will look for longs.
If we break to the downside it’s possible we’re seeing the second wave down in our identified bearish trend (short term) and validates our current short positions.
The 50 EMA is going to be a good point of interest for me to decide to close my shorts and protect profits. Only Until we see some more confluence for a probable trade, I don’t like to “gamble”
Always protect your profits fam
I’m currently still in short positions
If we break this zone to the topside I will look for longs.
If we break to the downside it’s possible we’re seeing the second wave down in our identified bearish trend (short term) and validates our current short positions.
The 50 EMA is going to be a good point of interest for me to decide to close my shorts and protect profits. Only Until we see some more confluence for a probable trade, I don’t like to “gamble”
Always protect your profits fam
I’m currently still in short positions