If you are a chart technical analysis guy, yesterday's bar looks like a Japanese candlestick Doji, which typically sends a possible reversal warning. From yesterday's high to today's low, Bitcoin is almost down $2,000. Of course, today is not over yet and anything could happen. For now, based on the 2 long shadows from today's and yesterday's bars, it seems to indicate $10,000 is a sweet spot for many investors and speculators to unload their positions.
Currently, I am obsessed with S&P 500 and UVXY. No one can time the market, yet some indicator divergence signal a warning.
Is This a Reversal Warning Sign for Bitcoin?
Bitcoin is currently below $10,000.
If you are a chart technical analysis guy, yesterday's bar looks like a Japanese candlestick Doji, which typically sends a possible reversal warning. From yesterday's high to today's low, Bitcoin is almost down $2,000. Of course, today is not over yet and anything could happen. For now, based on the 2 long shadows from today's and yesterday's bars, it seems to indicate $10,000 is a sweet spot for many investors and speculators to unload their positions.
If you are a chart technical analysis guy, yesterday's bar looks like a Japanese candlestick Doji, which typically sends a possible reversal warning. From yesterday's high to today's low, Bitcoin is almost down $2,000. Of course, today is not over yet and anything could happen. For now, based on the 2 long shadows from today's and yesterday's bars, it seems to indicate $10,000 is a sweet spot for many investors and speculators to unload their positions.
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