Bitcoin's 28 percent drop this week has turned the
tide in favor of the bears, but a sustained break below $ 8,000 looks unlikely in the short - run.
Instead of entering this swing trade setup based purely on anticipation of the pattern working, our technical trading system mandates that we first wait for price confirmation that indicates momentum has shifted
back in favor of the bears.
ex4 gets seen within its window (usually aligned below the 0.00 level, while an accompanying red downward pointing arrow gets placed on the activity chart above the price bars (refer to Fig. 1.1), price is aid to be
tilting in favor of the bears.
When word got out that the redesigned Galaxy S9 Samsung was rumored to be prepping was
cancelled in favor of a boring update that looks almost exactly like the Galaxy S8, many Samsung fans were understandably disappointed.
The above chart shows a bearish doji reversal, as represented by Monday's inverted bearish «hammer» pattern (also known as a shooting star) and Tuesday's negative follow - through (drop below $ 11,000)- all of which suggests the tables have
turned in favor of the bears.
That said, the gains will likely be short - lived, as the 50 - hour MA, 100 - hour MA and 200 - hour MA are all trending
lower in favor of the bears.
Bitcoin's 28 percent drop this week has turned the
tide in favor of the bears, but a sustained break below $ 8,000 looks unlikely in the short - run, the price charts indicate.
Currently, the short - term momentum is
in favor of the bears.
There would be a rise in volatility today or tomorrow, which would most probably be
in favor of bears.
The 5 - day moving average (MA) and the 10 - day MA are sloping downwards
in favor of the bears.
Bitcoin's 28 percent drop this week has turned the tide
in favor of the bears, but a sustained break below $ 8,000 looks unlikely in the short - run, the price charts...
Further, the 5 - day MA and 10 - day MA are sloping downwards
in favor of the bears.