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vikrumpain

BTC Candlestick Analysis

Short
Bitcoin (KRAKEN:BTCUSD)  
vikrumpain  
KRAKEN:BTCUSD   Bitcoin
Trend Analysis Chart Patterns BTCUSD BTC xbt XBTUSD candle candleformation candlestickspatterns Candlestick analysis
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trendanalysis chartpattern btcusd btc xbt xbtusd candle candleformation candlestickspatterns candlestickanalysis
On the 4H chart we see 3 consecutive dojis/spinning tops, with another one forming as well. This indicates a lot of indecision in the market currently, and a big move could be coming in either direction. In my opinion, we will break below the 21 EMA that has been tested a couple times already, and head further down. My target remains the same: 6200-6300.

Stay safe,

Vik
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