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Good Morning Traders!
BTCUSD formed a hanging man on the daily chart. On some exchanges it is clearer than on others.
A hanging man is a bearish reversal candlestick pattern that occurs after a price advance.
The hanging man pattern is just a warning. The price must move lower on the next candle in order for the hanging man to be a valid reversal pattern. This is called confirmation.
Furthermore we opened a CME Futures Gap at around 11700 - 11600. This is our first Target.
After that we can make a move towards 12400 - 12600 OR go directly for the second target 10600 -10800.
Follow our trade on Bitmex by clicking this link: www.bitmex.com/register/3oouoz
If you found this post helpful, like, comment, and subscribe!
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t.me/NextLevelCrypto
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twitter.com/NextLevelCrypt0
Good Morning Traders!
BTCUSD formed a hanging man on the daily chart. On some exchanges it is clearer than on others.
A hanging man is a bearish reversal candlestick pattern that occurs after a price advance.
The hanging man pattern is just a warning. The price must move lower on the next candle in order for the hanging man to be a valid reversal pattern. This is called confirmation.
Furthermore we opened a CME Futures Gap at around 11700 - 11600. This is our first Target.
After that we can make a move towards 12400 - 12600 OR go directly for the second target 10600 -10800.
Follow our trade on Bitmex by clicking this link: www.bitmex.com/register/3oouoz
If you found this post helpful, like, comment, and subscribe!
Telegram Signals
t.me/NextLevelCrypto
twitter.com/NextLevelCrypt0