BTCUSD: setting a bottom?
When the candle of today (at time of writing the daily candle closes in 40 minutes) forms a doji or spinning top , it signals that BTCUSD is setting a bottom around USD 14,000
The case for a bottom is strenghtened by the lower shadows, which signals buying power, of the previous days.
spinning top: investopedia.com/terms/s/spinning-top.asp
The case for a bottom is strenghtened by the lower shadows, which signals buying power, of the previous days.
spinning top: investopedia.com/terms/s/spinning-top.asp
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.