Felix000

What can Bitcoiners & Gold Bugs learn from a Doji in BTC Shorts

Felix000 Updated   
BITFINEX:BTCUSDSHORTS   BTCUSD Shorts
It looks like a Doji in Bitcoin Shorts favours the bears either from the start or with a trap. Bulls need to work out if worth learning to trade this info. Gold bugs also need to take note. Also worth noting last example was in a bitcoin uptrend therefore bears may be out of luck this time. A Bitcoin Longs study will follow this one. CAVEAT - small sample size. NOT ADVICE. DYOR.
Comment:
Could not compare Doji's on the weekly with bitcoin shorts so I had to go for the daily with bitcoin longs - see charts of all examples below. It looks like a Doji in Bitcoin Longs favours the bulls when closes above the candlestick. Only time it did not in this sample was February 27th 2020. CAVEAT - small sample size. NOT ADVICE. DYOR.
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.