MusclesCrypto_

BTC - Reversal (again)

BITMEX:XBTUSD.P   Bitcoin
Gravestone Doji spotted last weekly close.

The previous 'morning star' doji did not go well, upon further research it may be because the exact size might not have been as significant in an uptrend. However this gravestone looks clearer.

In terms of targets, I can see us moving down to the 50MA at the very least when viewed on the daily which gives us an interim target of 9k. Past that 7.5k would be a reasonable target based on where this push came up from.

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.