Falling Reversal Pattern
"The is a that begins wide at the top and contracts as prices move lower".
BITCOIN IS GOING TO THE MOON!
What's your opinion?
Please share on the comment section below...
Thanks a lot for reading...
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Try and accept whatever it is that you did wrong. Accept whatever the mistake, take the loss if necessary, but prepare so that the next time you have a plan, regardless of the price going down or going up.
As for Bitcoin, this is just an early signal, we have yet to get out of this hole.
Look for a close above $6,750 on the daily time frame, as a positive signal, that points to a change to the actual trend that we are now on...
In the meantime... Enjoy your Sunday...
And remember that you are blessed... So whatever happens...
Just be sure to recognize...
THAT YOU DESERVE THE BEST!
Volume is building up. We need more volume for this bounce to be more "meaningful".
Let's see how trading day closes today. A strong close confirms today's bounce and set us up to $6700+.
We need and want a green market. Green is better.
- EMA200 (Brown line) working as a strong support.
- As you can see on the chart, the EMA100 line, blue, is working as a strong resistance.
We can move to 6400 short term if we break this resistance, followed by 6700+.
Not breaking up can lead to retesting the EMA50 line, magenta.
We are still aiming for $6,400 (short term) followed by $6,700 (still short term).
Please take a quick look at my new Bitcoin Trade Idea below:
I am really hoping that you enjoy it, and share with me the same kind of support.
You can read my updates for Bitcoin by clicking on the image below (Bitcoin To The Moon Pt. 4 (Another Push Up Is Coming!)):
That's a bullish crossover of the SMA lines. When this signal comes up, the asset tends to go up.
I hope you're shorting