Hi,
I’m just wondering what are the best indicators / candlestick patterns / charting TA to look for when a support bounce occurs after a significant dip.
I was in short positions on both Sunday and Monday during the big BTC correction and obviously there were points where they were significantly in profit. However, I held on too long and closed after the bounce. I still took profit but feel I could’ve “taken the meat of the trade” a lot better.
What do you guys look for? I guessing this is perhaps best done using the 1m (or similar short timeframe) and looking for a big green bottom wick with large incoming volume or something?
Thanks
This will talk about into those common technicals when it comes to pullbacks and possible bounce back and as been said this would really be a little bit hard
yet determining a recovery after such correction is always been a question by many.It all matters on how sellers and buyers do really play into this tug of war game.
So it can really move in random basis neither it would really be having some bounce or the price would just continue to move on what it had started.