Bitcoin WHAT TO BELIEVE???
Folks,
Here is my daily update about the bitcoin/usdt pair..
As many of you know I am a fan of the daily and the 4 hour chart..
We see a daily vs 4 hour fight going on..
The 4 hour chart is telling is us be aware of a possible decline in price because we see a candlestick pattern that is known as a REVERSAL pattern.
Plus if we can't break this resistance line again we have attempted it 3 times and then it is called a triple top.. REVERSAL!
The daily chart is showing is strength and a continuation pattern.. The Three rising methods pattern.. This 5 candle pattern states for a up move in price, than the 3 black candles are profit taking, the other big white candle Is the up move again. Continuation if we can close the day like this (at writing Amsterdam 20.00 PM)
Be aware of a POSSIBLE reversal and take a good look at your stop losses in your trades.. maybe it is time to use trailing stop loss..
When the price indeed returns downside (4 hour chart) and a candle closes below the first/the half of the white candle than that is a SELL SIGNAL!!
Thumbs up for the like, for more content like this follow me..
Have a good one..
Here is my daily update about the bitcoin/usdt pair..
As many of you know I am a fan of the daily and the 4 hour chart..
We see a daily vs 4 hour fight going on..
The 4 hour chart is telling is us be aware of a possible decline in price because we see a candlestick pattern that is known as a REVERSAL pattern.
Plus if we can't break this resistance line again we have attempted it 3 times and then it is called a triple top.. REVERSAL!
The daily chart is showing is strength and a continuation pattern.. The Three rising methods pattern.. This 5 candle pattern states for a up move in price, than the 3 black candles are profit taking, the other big white candle Is the up move again. Continuation if we can close the day like this (at writing Amsterdam 20.00 PM)
Be aware of a POSSIBLE reversal and take a good look at your stop losses in your trades.. maybe it is time to use trailing stop loss..
When the price indeed returns downside (4 hour chart) and a candle closes below the first/the half of the white candle than that is a SELL SIGNAL!!
Thumbs up for the like, for more content like this follow me..
Have a good one..
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