Bombita

The bearish absorption . [BTC/Bitcoin]

Bombita מעודכן   
BITFINEX:BTCUSD   ביטקוין
On the chart we can see the bearish absorption pattern , it's confirmed by the volume .
This pattern is a sign of a reversal movement , be careful.
Keep focused on the confirmed trend line.
הערה:
The support zones
הערה:
The price confirmed the previous resistance level as support.
Focus on the closure of the next four hour candle.
הערה:
The trend line was broken and the price fell below the previous resistance level.
Now the price is testing this level.
Let's see what happen next
STATUS Don't trade
הערה:
הערה:
Importantly

The morning doji star
in case of the closure of the four hour candle above the maximum of previous candle , we will can see the "morning doji star"
This pattern shows the weakening of the bears and change of the movement.
הערה:
the failure
הערה:
The bearish absorption on the day chart , it's confirmed by the volume , be careful
הערה:
Compare the bars.
The volume is about the same , but the candles is very different.
In my opinion it means that there is no buyer.
Be careful.
הערה:
The accumulation of positions in the blue rectangle.
Wait for the four hour candle to close.
הערה:
The small volume and the suspicious movement , be careful
הערה:
maybe it's the evening star pattern , be careful
הערה:
The volume increases when the price falls , this is the bearish sign.
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.