Some people like charts crowded with multiple indicators, oscillators and lines, some other people like simple working charts!
For those who like simple charts:
1- Bitcoin failed to cross up its down trend line twice in the May and made a Double Top pattern.
2- Bitcoin has crossed down 10 days SMA(low) and 20 days SMA(close).
3- Bitcoin has just penetrated the up...
Bitcoin failed for the second time in the last week to pass 10000. in my opinion, in a short time frame, it would so hard for bitcoin to jump and stay above 10000.
Technically, it could be the right time and the right place for short!
Education: A bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle.
Do not ignore the BEAR in the market!
Since 2020 Vir biotechnology has experienced 2 sharp moves, one 145% in 18 days and the other one 347% in 5 trading days.
I think this is highly likely that we experience another sharp move in the coming days!
Keep it on your watch list!
Bitcoin Failed to break the most important resistance level at 10000 and dropped 13% after 55 days of the bullish rally. It is highly likely that we see another down lege in the bitcoin price to 6200-7800 consolidation zone soon. What makes it more possible is the appearance of the famous 3 BLACK CROWS in the chart!