Bitcoin [BTC] Price Action – Doji Candle Precedes Price Drop

2019-2-10 18:04

Bitcoin Daily Chart

Yesterday’s daily candle formed a Doji after bullish movements were recorded on Friday.

A Doji candle is a candle where the open and the high is around the same point.

A Doji candle formation typically represents uncertainty from traders and is being followed up with more bearish movements today.

The bullish movements which took place on Friday failed to close above resistance at $3684 and today’s downward movements decrease the likelihood that the next significant move we will be bullish.

To the downside, the next significant support level to monitor is $3476.

Bitcoin 4-Hour Chart

Price is currently trading between two levels.

Price mostly consolidated at the point of a bullish break in January yesterday.

However, it has since dropped below with today’s downward movements and has met some support at $3576 which was the point of buyer liquidity during bearish drops in mid-January.

Key Takeaways: Price failed to overcome resistance at $3684 on Friday and has since retraced. Price formed a Doji candle yesterday reflecting uncertainty from traders. Price consolidated around the point of a bullish break yesterday but has since dropped below and traded between this point and a point of buyer liquidity at $3576. In the event of a drop below $3576, the next support level to monitor is $3476.

Bitcoin [BTC] Price Action – Doji Candle Precedes Price Drop was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 98222.4 (+0.02%)
Объем 24H $102.288b
Изменеия 24h: 4.61 %, 7d: 10.06 %
Cегодня L: $94006.77 - H: $98752.04
Капитализация $1943.383b Rank 1
Цена в час новости $ 3658.94 (2584.45%)

candle doji price bitcoin movements bullish drop

Источник: blokt.com

candle doji → Результатов: 41


MONERO (XMR) Long-Term Price Forecast- December 23

XMR/USD Long-term Trend: Ranging Supply zone: $100.00, $110.00, $120.00 Demand zone: $30.00, $20.00, $10.00 XMR long-term outlook is a range-bound market. The bullish doji that started last week trading session was a signal to the bulls gradual returned but confirmation came on 17th December after the formation of a bullish engulfing candle which closed above […]

2018-12-23 03:29


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru