- Channel forming on BTC
- New Supply Zone identified by the bear candle during the selloff (Identifying Candle)
- Perfect bounce and a long signal because of that (Retest)
- Push to the highest quality Supply Zone that’s in control of the market (Harsh Rejection)
- Because of the nature of the rejection, this was a signal to get out of the market
- With a retrace to the highest quality Demand Zone that’s in control
- More recently, a dead cat bounce to the 23 Fib retracement.
- Looking bearish overall
- Unity Trading Group.
- New Supply Zone identified by the bear candle during the selloff (Identifying Candle)
- Perfect bounce and a long signal because of that (Retest)
- Push to the highest quality Supply Zone that’s in control of the market (Harsh Rejection)
- Because of the nature of the rejection, this was a signal to get out of the market
- With a retrace to the highest quality Demand Zone that’s in control
- More recently, a dead cat bounce to the 23 Fib retracement.
- Looking bearish overall
- Unity Trading Group.