bitcoin trend analysis in d1
as you can see the chart
the trend is change to down trend with the lower high and the lower low is formed
if you focus on the candlestick pattern, you will see the strong selling than buying with some big bearish engulfing bar
what do we will do next ?
I think the current price is not good for sell entry. The price will break below the lower price or test again the lower high prior.
if the price is break out below the lower low, will short. and if the price test the lower high prior we will wait the price action confirm as pin bar, bearish engulfing bar
this is my analysis for bitcoin, please like or follow my channel to update new ideas
many thanks
the trend is change to down trend with the lower high and the lower low is formed
if you focus on the candlestick pattern, you will see the strong selling than buying with some big bearish engulfing bar
what do we will do next ?
I think the current price is not good for sell entry. The price will break below the lower price or test again the lower high prior.
if the price is break out below the lower low, will short. and if the price test the lower high prior we will wait the price action confirm as pin bar, bearish engulfing bar
this is my analysis for bitcoin, please like or follow my channel to update new ideas
many thanks
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