PRO Sinewave & PRO Momentum were reversing short for a while...
I've been facing quite some resistance when I warned ppl in the crypto chat right here in tradingview ! But the fact is that now it feels more and more probable that I was actually right !
Its a bit too soon to tell but anyway the signals are very weak !
BUT i still recommand to be cautious not to be too either. Why ? Because if you have a closer look at Sinewave, it's now showing an early bull signal..
What does that mean ?
It means that now we need to keep prices downward cause if we see a candle reversal, then sinewave will reverse to !
That doesn't mean the market will reverse, cause Sinewave cannot be traded alone... it will require a Momentum confirmation.. BUT nonetheless this Sinewave reversal (if it happens) will have to be considered.
Hope this idea will inspire some of you !
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You can check my indicators via my TradingView's Profile : @PRO_Indicators