Bearish 2 Doji Long

KRAKEN:ETHBTC240

Ethereum / BitcoinKraken

Description

⋅ May 20, 2016 1:23 PM

Took some profits when I saw the two Doji. Does not mean it goes as low as this but worst case scenario!

Comments

zeratul600

⋅ May 21, 2016 1:28 AM

what do you think, are we going down ? or is this just a correction due to RSI being over 70 for too long?

zippy1day

⋅ May 21, 2016 4:36 AM

econintersect.com/b2evolution/blog3.php/2011/06/11/the-double-triple-doji-have-we-been-warned
If you read this article it can show the possibilities of a 2 Doji Candle pattern, so yes I think it is possible we go much lower don't you think?
The RSI topping out also adds weight to this but not the only reason!

TheBigLebowski

⋅ May 20, 2016 4:23 PM

295 maybe?

zippy1day

⋅ May 20, 2016 5:04 PM

Worst case 215 ~ 222 not sure could do with some advice on this one as have been bullish up to 0.05 which would mean we are going to see some volatility!