Dinore

Bitcoin chart is bearish?

BITFINEX:BTCUSD   Bitcoin
According to candlestick charting criteria, we could determine a few signs of bearish implication (reversal patterns):
1. Hanging man candlestick (could be interpreted as dragonfly doji)
2. Shooting star
3. Double top as a strong reversal pattern (blue dotted line)

And an additional bearish sign:

4. A decrease in price volume

These are enough signs for pattern reversal but, bear in mind, candlestick charting technique cannot say how long will reversal trend lasting.
Finally, this is not financial advice. Remember to always do your research before investing.

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.