Posts

Long Legged Doji on BTC Weekly Chart

avatar of @chorock
25
@chorock
·
·
0 views
·
1 min read

After the weekly close, the weekly chart did not look good. There is a long legged doji candle which is the signal of trend end...

Bitcoin is trashing technical analysis this year. Let's see if it throws this away.

Even though it drew a pretty bad candle on the weekly chart, the indicators have not yet reached the overbought zone.

This may be an indication of a break.

The lack of a strong signal in volume and new money entry does not FOMO people.

Bearish Signals:

-Long Legged Doji

There are lots of similarities between BTC weekly chart and below... There is the most clear bearish signal of BTC weekly chart.

*- Daily Chart and Indicators:

Here is daily chart of BTC and MACD indicator. MACD went to the moon as February...

It may do a correction or it may turn the trend. We will see...

These are the most clear bearish signals for BTC. There are also bullish signal on the chart. I will share the most bullish signals for BTC in a few later...

Posted Using LeoFinance Beta