The bearish absorption . [BTC/Bitcoin]
Actualizado
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.
This pattern is a sign of a reversal movement , be careful.
Keep focused on the confirmed trend line.
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The support zones Nota
The price confirmed the previous resistance level as support.Focus on the closure of the next four hour candle.
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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
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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.
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the failure Nota
The bearish absorption on the day chart , it's confirmed by the volume , be carefulNota
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.
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The accumulation of positions in the blue rectangle.Wait for the four hour candle to close.
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The small volume and the suspicious movement , be carefulNota
maybe it's the evening star pattern , be careful Nota
The volume increases when the price falls , this is the bearish sign.
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