Hello, guys!
Yesterday I told you that opened long after the confirmation of the first bullish reversal bar. You know where is my stop loss - $27801. Tonight BTC demonstrated some weakness. I thought that my stop loss will be hit when I wake up, but price has printed even 3 bullish reversal bars. All these bars have great angulation and were confirmed. Therefore I am still holding my long.
In general the price action looks bearish, but I cannot act against my strategy. Another one thing which give me the hint that I was wrong is the decreasing momentum on AO. Usually reversal bar should be confirmed by increasing momentum a little bit later. Anyway I am sitting into position.
Best regards, Ivan
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