srp007
Short

Candlestick Analysis of Bitcoin shows a bearish scenario

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
As you can see from the charts, I have simply pointed out the previous candles which was again formed yesterday on one day chart. Powerful reversals had been started after this candle in the past. Although, it is not guaranteed that such candles always lead to reversals, but this definitely seems to be a bullish trap until it crosses 12000. Until then I would day trade rather than going Long and Holding for few days.

One more thing I would like to point out is yesterday's candle failed to cross the line which I have drawn from the December's top. (I don't know if this counts or not)

I may be right or wrong. So please make your own decisions and view it as education material and not to make trades.

My earlier two analysis proved to be right, so I hope to be right this time too and continue with my 100% track record.
This is invalid. Second arrow should lay on top of the candle instead of the wick like the others. If you do this you will see clearly that we have broken the 4 month trend.
Reply
srp007 HoodSquirrrel
@HoodSquirrrel, Hello, I didn't understand what you said. Are you talking about the second arrow or the current third arrow?
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out