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oicrambs
Jan 5, 2018 12:40 PM

Possible Evening Star/ Engulfing Bearish Patterns Short

Bitcoin / Tether USDPoloniex

Description

Possibility of a correction of the BTC. We observed the formation of two patterns of candlesticks: Evening Star accompanied by a Bearshi Engulfing in the H1.
We must await the closing of this Candle to confirm. However, observing the M15 confirmed a double top, which already gives us an indication of a possible correction.

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Comments
oicrambs
I think of a retest at the 38.2 Fibo level, but the MACD has a very steep drop, which does not let us rule out the possibility of level 23.6.
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