Bitcoin / TetherUSUpdated bearish harami
Yesterday's candle printed a bearish harami - which usually indicates a bearish move.
The second day candle is to confirm the bearish reversal of the trend - in this case, if today's candle shows a bearish candle, then the trend of reversal is confirmed.
Overall I am still bullish with BTC. But going down to 42k, albeit short lived, is a great buying opportunity.
The second day candle is to confirm the bearish reversal of the trend - in this case, if today's candle shows a bearish candle, then the trend of reversal is confirmed.
Overall I am still bullish with BTC. But going down to 42k, albeit short lived, is a great buying opportunity.
Note
Today candle is quite bullish after yesterday's uncertain market.The price might hit 50k very soon, which is at 0.618 retracement level.
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.