💎BTC: Weekly Candle Closed Bearish bt Sentiments are Bullish
Hello Dear Traders,
Today BTC weekly candle closed and its bearish closing. Last week shows selling pressure also it indicates buyers are holding strong on every dip.
Bulls and Bears are not giving up thts why candle pattern is similar to DOJI. Whenever we see DOJI type pattern, next week market is one directional.
either it will rally strong upside or will go for healthy correction.
On smaller time frame on every rise of BTC sellers are shorting. if this continuously happens also we have last week candle bearish for reference then we might test 45k area.
53500$ is Holding Strong, if this breaks then again sellers will dominate hard.
Also one more thing to notice is on weekly we are seeing Double Top Chart pattern which is bearish indication.
BUT Fundamentally daily we are seeing great news and mass adoption world wide by institutions, this thing decreases worst cases mentioned above.
This week i would like to be in neutral position.
Today BTC weekly candle closed and its bearish closing. Last week shows selling pressure also it indicates buyers are holding strong on every dip.
Bulls and Bears are not giving up thts why candle pattern is similar to DOJI. Whenever we see DOJI type pattern, next week market is one directional.
either it will rally strong upside or will go for healthy correction.
On smaller time frame on every rise of BTC sellers are shorting. if this continuously happens also we have last week candle bearish for reference then we might test 45k area.
53500$ is Holding Strong, if this breaks then again sellers will dominate hard.
Also one more thing to notice is on weekly we are seeing Double Top Chart pattern which is bearish indication.
BUT Fundamentally daily we are seeing great news and mass adoption world wide by institutions, this thing decreases worst cases mentioned above.
This week i would like to be in neutral position.
