As I talked about earlier, Bitcoin surrendered and respected the first resistance ahead (the 600-day moving average) and created a local top. (see the link below):
This happened with a strong downward candle. In Price Action analysis, we see an ENGULFING CANDLESTICK which is an important bearish signal. The bearish flag pattern is broken by this ENGULFING CANDLESTICK pattern, which could be a reason for the strong bearish momentum. Currently, this downtrend has not been confirmed.
This happened with a strong downward candle. In Price Action analysis, we see an ENGULFING CANDLESTICK which is an important bearish signal. The bearish flag pattern is broken by this ENGULFING CANDLESTICK pattern, which could be a reason for the strong bearish momentum. Currently, this downtrend has not been confirmed.
Trade ativo
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.