tylenisbobas

BTC bulls are exhausted

Short
tylenisbobas Updated   
BITFINEX:BTCUSD   Bitcoin
In the 1hour chart we see the exhaustion gap candlestick pattern with Volume close to zero. This pattern together with a high volume spikes before the exhaustion gap signals a reversal pattern. The price level before the exhaustion gap will not be reached in the near future and a downtrend for some time should remain.
Order cancelled:
There was a glitch in the tradingview chart, at this specific hour the trading was simply not shown.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.