đHi, everyone. I hope you have a great weekend.
đĄBitcoin is in a corrective phase during the last two weeks, but sudden Pump and Dump movements have shown that it makes it a little difficult for traders, so that a đźBull trapđź was formed above the đŽResistance zone($35,280_$34,830)đŽ.
đĄPerhaps one of the reasons for the sudden movements during the last two weeks is low Trading Volume, although low Trading Volume is one of the characteristics of the correction phase.
đââïžBitcoin is currently moving in the đŽResistance zone($35,280_$34,830)đŽ, and if we look at the last three 4-hour candles of Bitcoin, the Three Black Crows Candlestick Pattern is clearly visible.
đThree Black Crows Candlestick Pattern:
đžThe Three Crows pattern is a bearish reversal pattern that consists of three bearish long-bodied candlesticks.
đžEach of the three candlesticks should be long-bodied bearish candlestick; each candlestick's opening price should be lower than the previous candlestickâs opening price.
đžIt is a bearish reversal pattern; therefore, it should be considered only when it appears after an uptrend.
đžThe Three black crows candlestick pattern signals weakness in an ongoing uptrend and the potential reversal to the downtrend.
đI expect Bitcoin to fall at least to the đąSupport zone($34,200_$34,000)đą and the Support line, and if these areas fail, it will attack the âŹïžlowerâŹïžđąSupport zone($33,680_$33,140)đą. If the đąSupport zone($33,680_$33,140)đą is broken, we can expect Bitcoin to fall further to around $32,000.
âïžâ ïžNoteâ ïžâïž: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame â°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the â ' like'â button đđ & Share it with your friends; thanks, and Trade safe.
đĄBitcoin is in a corrective phase during the last two weeks, but sudden Pump and Dump movements have shown that it makes it a little difficult for traders, so that a đźBull trapđź was formed above the đŽResistance zone($35,280_$34,830)đŽ.
đĄPerhaps one of the reasons for the sudden movements during the last two weeks is low Trading Volume, although low Trading Volume is one of the characteristics of the correction phase.
đââïžBitcoin is currently moving in the đŽResistance zone($35,280_$34,830)đŽ, and if we look at the last three 4-hour candles of Bitcoin, the Three Black Crows Candlestick Pattern is clearly visible.
đThree Black Crows Candlestick Pattern:
đžThe Three Crows pattern is a bearish reversal pattern that consists of three bearish long-bodied candlesticks.
đžEach of the three candlesticks should be long-bodied bearish candlestick; each candlestick's opening price should be lower than the previous candlestickâs opening price.
đžIt is a bearish reversal pattern; therefore, it should be considered only when it appears after an uptrend.
đžThe Three black crows candlestick pattern signals weakness in an ongoing uptrend and the potential reversal to the downtrend.
đI expect Bitcoin to fall at least to the đąSupport zone($34,200_$34,000)đą and the Support line, and if these areas fail, it will attack the âŹïžlowerâŹïžđąSupport zone($33,680_$33,140)đą. If the đąSupport zone($33,680_$33,140)đą is broken, we can expect Bitcoin to fall further to around $32,000.
âïžâ ïžNoteâ ïžâïž: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame â°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the â ' like'â button đđ & Share it with your friends; thanks, and Trade safe.
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Kommentera:
My suggestion to you is to look for a short position rather than a long position when the asset is in an important resistance area in a higher time frame.
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đPlease follow us on Telegram for more analysis.đ t.me/ProTrader_365
đGet a 20% Discount on your trading FEE on Bingx: shorturl.at/cfhE3