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Three Black Crows

The Three Black Crows PatternThe Three Black Crows or as otherwise known Three Soldiers are a formation of price continuation showing how the bears are taking control over the bulls to reverse the trend as we can see here. Price comes down buyers try to push it back up only to be reversed by sellers overpowering them so it falls back down the buyers try again but realise the bear is the almighty and with that last attempt they withdraw from the market causing a big sell off with a strong downward movement when just the bears remain key points: - last attempt of the bulls - price goes up and bears push price down every time - bears in control after a long uptrend shows prelude to sell
Education
by OfficialKieranTrewick
1
A look into the SPY: Are we sold on a full reversal yet?3Day Chart- With 1 day left, the shadow of the candle kissed the 50 EMA. Even with a close ABOVE its previous candles close but BELOW its current candle shadow low this should be seen as bearish. This would print a Shooting Star. 444.39 would be the level to watch for this scenario. 3Day Chart Bulls will want to see a close above the previous candles swing high at 446.46 at a minimum. Best case would be a close above the mid Feb swing high at 448 or better a close above the 50 EMA. 1Day Chart March 14 22' there was a 50/200 EMA cross under. Since then there has been a bit of a rally. 4 days ago, the Daily candle printed above the 50 EMA and 2 days ago above the 200 EMA. In between a Doji printed, kissing both the 200 and 40 EMA signifying major uncertainty. 1 Day Chart If the Daily candle prints at or below 445.50(ish) then we could view this as 1 Black Crow. My best gut feel says its this happens, then selling pressure may be more likely than not to continue through Friday. A note to bulls: this scenario would be OK as long as the .786 Fib is ultimately respected. A healthy .382 is a more likely retracement, but keep in mind the worst case break point at 423.24. Any retracement is fine as long as a HIGHER low is set. Those sweet spots IMO are the above 2 I mentioned. 1 Day Chart Ultimately, bulls want a close over the 200 EMA and bears under the 200 EMA. Here is a link to the 1 Week and 1 Month chart, comments below. Weekly Chart The SPY weekly candle should close above previous swing high candle body resistance around 449. Weekly Chart 453 is marked as resistance, as seen created locally in November. Nov-Jan it acted as support, but now broken it is viewed as resistance. This break of support to resistance happened in a breakout(down) of a major ascending level of supported created April 2020 as the market was recovering from the "covid" crash. Weekly Chart Best case for bulls: EOW rally to close the current weekly candle above 453. Best case for bears would be a weekly close with no lower shadow around 440 or a close below the 50 EMA A close of around 445-446 would print a Doji, meaning indecision in which patience is advised. Monthly Chart Best case for bulls is a close above its previous monthly candle high at 451. This would print a Bullish Engulfing candle. Best case for bears is a close below 423. 423 is a level back in May 21 that acted as resistance and helped create a Doji (indecision). This setup would look similar to a 3 Black Crowes reversal pattern The market has most certainly shown bullish signs, but IMHO this is a critical juncture that will shows us further signs of market recovery or turmoil.
AMEX:SPY
by OccamsPhazer
2
BTC lost over $60 Billion mkt cap in 24 hours- China's crackdownAny feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :) Quick glance: As of now, BTCUSD seems to be on under massive selling pressure Traders are looking closely at the $30k level. Our previous analysis on BTCUSD correctly predicted the slippery slope BTC was at, and should the support be broken, there could be a massive downtrend. Market in the last 24hrs China's regulations on Bitcoin miners seem to have a major toll on the entire crypto spectrum. BTC is under serious selling pressure. Today’s Trend analysis Three black crows is a major bearish pattern, formed by three adjacent candles. This pattern is usually a reliable confirmation of the bear market, wherein each candle closes below the previous candle. As of now, $30k mark would a strong psychological support zone for BTCUSD. Price volatility remained extremely high at approximately 12.8%, with the day's range between $31700.00 — $35763.80. Price at the time of publishing: $32535.84 BTC's market cap: $610.85 Billion Out of 11 Oscillator indicators, 6 are neutral, and 1 indicates to a bearish outlook, and 4 point to a 'BUY' signal. Out of 15 Moving average indicators, 13 indicate a bearish outlook, 1 is 'NEUTRAL' and 1 gives out a bullish view. Indicator summary is giving a 'SELL' signal on BTCUSD . Volumes have remained high in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
COINBASE:BTCUSDShort
by Mudrex
11
Weekly 3 Black Crows at Resistance.Similarly to what i spotted on the EURUSD; BCH seems to have formed a 3 Black Crows on the weekly after catching some sells at a previous zone of Support/Resistance. It has also reached the Measured Move of a bullish diamond breakout and i have taken my profits. This could be the start of a new downtrend which could take us down to Fibonacci retracement levels or lower. I would be very interested in seeing some bullish signals on BCH at the 0.786 and 0.886 retrace levels until that happens or resistance is broken i'm likely to remain bearish.
COINBASE:BCHUSDShort
by RizeSenpai