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BigChonis
Jun 24, 2019 2:16 AM

Daily candle rejection on Combo tweezer candles 

Bitcoin / U.S. dollarBitstamp

Description

A couple things of note on the daily chart I don’t see yesterdays candle as a shooting star but rather a combo tweezer rejection along with the previous days candle in the $11,200 area finding similar back to back daily resistance and then closing under 11K. The daily candle did close with a higher high which does give some strength to the bulls as we start a new day a price action. Bulls however need to overcome this established resistance level above 11K. Overall bitcoin did close inside upper BB and is still way above any meaningful near term supports giving lots of room lower to find any meaningful support, should make for a lot of volatility this week...trade safe , Chonis...
Comments
IgorPorokh
@BigChonis
Good job!
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