Very interesting price action today. It was really a setup that I look out for: I call it the "push & pull" situation. It basically means that we get a (bullish) push, we see loss of momentum and then we try to look out for the reversal (=pull). This basically just goes off of market theory and fundamental price action: One side gets really excited and buys/ sells a lot, then after the push happened they lack buyers/ sellers - so then the other side takes over.
It's a bit more complicated that that (+ all the technical factors like all time highs and POI's etc.) but it is a cool setup to look out for.
And obviously, I only look for a bullish push followed by a bearish pull - I only sell short.
It's a bit more complicated that that (+ all the technical factors like all time highs and POI's etc.) but it is a cool setup to look out for.
And obviously, I only look for a bullish push followed by a bearish pull - I only sell short.
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