cryptownian

Second doji daily time frame

بيع
BITSTAMP:BTCUSD   بتكوين
Second doji forming on daily time frame

We have already astablished that from the lower times to daily three is we're strong bearish candle patterns

We also know that at the high there is a bullish check mate

THE pinbar for is just a stop Hunt to insure that market can collect on cash that has been lost by people who SL HAS BEEN STOPPED OUT BY THE LOW OF THE PINBAR

Standard stop hunt pin low.

We currently see market moving down to collect cash that was lost during that decent by people who went bullish close the high

With all said it seems that the bearish drop is still on the cards
The only question is how far

THE day only has one support level at
34840.78

The 4hour has major support tested as resistance at 31517.00

Right at the bottom of pinbar

FINAL POINT
LOOK FOR MARKET TO CLOSE ON PINBAR BEFORE PULLING BACK UP

BELOW 4H SUPPORT
EXPECT DROP TO DAILY SUPPORT
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