BitcoinShort
BTCUSD: Reversal Sign again?!
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Good Morning Traders!
BTCUSD formed a hanging man on the daily chart. On some exchanges it is clearer than on others.
A hanging man is a bearish reversal candlestick pattern that occurs after a price advance.
The hanging man pattern is just a warning. The price must move lower on the next candle in order for the hanging man to be a valid reversal pattern. This is called confirmation.
Furthermore we opened a CME Futures Gap at around 11700 - 11600. This is our first Target.
After that we can make a move towards 12400 - 12600 OR go directly for the second target 10600 -10800.
Follow our trade on Bitmex by clicking this link: bitmex.com/register/3oouoz
If you found this post helpful, like, comment, and subscribe!
Telegram Signals
t.me/NextLevelCrypto
Twitter
twitter.com/NextLevelCrypt0
Good Morning Traders!
BTCUSD formed a hanging man on the daily chart. On some exchanges it is clearer than on others.
A hanging man is a bearish reversal candlestick pattern that occurs after a price advance.
The hanging man pattern is just a warning. The price must move lower on the next candle in order for the hanging man to be a valid reversal pattern. This is called confirmation.
Furthermore we opened a CME Futures Gap at around 11700 - 11600. This is our first Target.
After that we can make a move towards 12400 - 12600 OR go directly for the second target 10600 -10800.
Follow our trade on Bitmex by clicking this link: bitmex.com/register/3oouoz
If you found this post helpful, like, comment, and subscribe!
Telegram Signals
t.me/NextLevelCrypto
twitter.com/NextLevelCrypt0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.