BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
If we look on the weekly candle, then definitely yes !

The past week was smashing for many Bitcoin idealists.
Many people out there were hoping for an upcoming Bull run.

Let´s look at the reality.

On the weekly chart a long full length body bearish candle, is clearly visible; ( bearish sign).
A massive imbalance in price occurred, the sellers were far stronger and pressed the price down.
The weekly candle closed underneath the 30 EMA , what could mean, that we are still in the bear market.
A strong volume confirmed the long bearish candle.

All in all the market tells us, that there is a big possibility of a trend continuation this week; downward.


If you found this post helpful, like, comment, and subscribe!

Telegram Signals
https://t.me/NextLevelCrypto

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out