The bearish absorption . [BTC/Bitcoin]
Aggiornato
On the chart we can see the bearish absorption pattern , it's confirmed by the volume .
This pattern is a sign of a reversal movement , be careful.
Keep focused on the confirmed trend line.
This pattern is a sign of a reversal movement , be careful.
Keep focused on the confirmed trend line.
Nota
The support zones Nota
The price confirmed the previous resistance level as support.Focus on the closure of the next four hour candle.
Nota
The trend line was broken and the price fell below the previous resistance level.Now the price is testing this level.
Let's see what happen next
STATUS Don't trade
Nota
Nota
Importantly The morning doji star
in case of the closure of the four hour candle above the maximum of previous candle , we will can see the "morning doji star"
This pattern shows the weakening of the bears and change of the movement.
Nota
the failure Nota
The bearish absorption on the day chart , it's confirmed by the volume , be carefulNota
Compare the bars.The volume is about the same , but the candles is very different.
In my opinion it means that there is no buyer.
Be careful.
Nota
The accumulation of positions in the blue rectangle.Wait for the four hour candle to close.
Nota
The small volume and the suspicious movement , be carefulNota
maybe it's the evening star pattern , be careful Nota
The volume increases when the price falls , this is the bearish sign.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.