Yesterday and today we witnessed crazy movements of Bitcoin, which resulted in a candle that we have never seen before in the market: a candle that we can call "double-headed candle"; A candle with two very long ascending and descending threads and a small body in the middle.
Such a situation during these two days caused the liquidation of many traders in the market and took the record of the second volume of liquidation within an hour.
In today's analysis, we will talk about what factors could have created such a candle and what lessons we can learn from such events in the market.
In the end, we remain on our previous scenario and until the existing patterns have not proved against this scenario, in our opinion, correction to 27,000 and maybe even after that to 25,000 can be on the agenda of Bitcoin in the coming days.
Again, we advise traders to stay away from the market in such a situation, or at least know what they are doing if they want to make quick profits!
#BTC #OKXIDEAS
Such a situation during these two days caused the liquidation of many traders in the market and took the record of the second volume of liquidation within an hour.
In today's analysis, we will talk about what factors could have created such a candle and what lessons we can learn from such events in the market.
In the end, we remain on our previous scenario and until the existing patterns have not proved against this scenario, in our opinion, correction to 27,000 and maybe even after that to 25,000 can be on the agenda of Bitcoin in the coming days.
Again, we advise traders to stay away from the market in such a situation, or at least know what they are doing if they want to make quick profits!
#BTC #OKXIDEAS