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RyanPal
Feb 17, 2018 8:20 PM
Tri-star on 4h, short term trend reversal
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BITFINEX:BTCUSD
240
Bitcoin / Dollar
Bitfinex
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Feb 17, 2018 8:20 PM
Quoting investopedia:
Having a series of three consecutive doji candles is extremely rare, but when it is discovered, the severe market indecision generally leads to a sharp reversal of the given trend.
Read more: Tri-Star
investopedia.com/terms/t/tri-star.asp
Also, 4h rsi is overbought along with bearish divergence on 4h rsi(6) and bearish divergence on 1h, 30min as well.
It is advisable to atleast sell here. A short can be opened soon now or if the next candle is red (confirmation).
Cheers!
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