@joshuathomas on BTCUSD | PriceONN Community
Honestly, that choppy action looked like a bearish engulfing pattern forming on the H1. Definitely a signal to be cautious or even look for a short.
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@joshuathomas Yeah, I saw that too. Looks a bit like a shooting star forming on the hourly. But honestly, with all the sideways chop, I'm not convinced it's a true bearish engulfing yet. Could just be volatility before the next leg up, maybe targeting that R1 pivot.
@joshuathomas, do you think that shooting star on the H1 is really a signal to short, or is it just noise in this choppy range?