Bitcoins Bearish signals, one candle away from confirmation
Bitcoin is currently in an uptrend, we can all see that. However, after hitting $12,000 it was rejected with huge volume, a potential pivot point. As it came back to $11,800 afterwards, the volume was weaker, and selling pressure increased. The price was rejected twice (2 days in a row) at the level creating these 2 Dojis. This means we are in the middle of indecision, and with strong selling pressure mounting, we could witness a reversal next. No moves should be made until this candle pattern closes.
This candlestick has a lot riding on it!
If it turns into a strong bearish candle - we will have confirmation of reversal.
If it is another Doji (2 doji in a row after strong bullish candle) this will be a high % of a reversal confirmation.
If the candle turns bullish, trend continues, and we take another shot at previous high.
This candlestick has a lot riding on it!
If it turns into a strong bearish candle - we will have confirmation of reversal.
If it is another Doji (2 doji in a row after strong bullish candle) this will be a high % of a reversal confirmation.
If the candle turns bullish, trend continues, and we take another shot at previous high.
تعليق:
If price closes above $11,500, we may still see bullish market.
If price closes below $11,200, we will have a bearish market.
If price closes below $11,200, we will have a bearish market.
تعليق:
Taking a closer look at what may move the market:
تعليق:
BTC is still closing in the "undecided market box"
تعليق:
Update on BTC - LARGE spike
in volume and we are brought back to the pricerange of $12,000
This pattern is developing on the shorter time-frame, we could see a shot to $12,300
This pattern is developing on the shorter time-frame, we could see a shot to $12,300
This morning, started rejecting price at lower levels. We will see where this candlestick ends up.