I expect that in this week (maximum tuesday) we will close somewhere between 50-53k - then we will get similar candle pattern as in the past. The shadow of candle cover more than 50% of the previous week candle. Previous time we've got a 2 week correction. On tuesday upper boundary of the rising wedge (we are in this wedge whole bull run from 21 july - you need to...
Current $BTC price is over-extended and waiting for a correction/reversal really strongly.
I'm showing this in 4 hour chart but you can find the same candle patterns(hanging man) in 6, 8 and 12 hour time frames as well.
But at 4 hour chart we have 2 hanging man candles followed by a shooting star, now all you have to do is to check if the next candle is going to...
Price has two resistance levels to decide to either reverse bearish or continue bullish. (162.00 & 162.11)
If continuation long watch for a Break-Hook_Go candle pattern on a 5m, 15m or 30m chart.
If reversal short watch for an engulfing candle, evening star, inside candle railroad candle reversal patterns
on a 5m, 15m or 30m chart.
Continuation TP levels will be...
Here we goooooooooooooo!!!!!!
Not an expert in crypto but I thought I would give a try on what has been happening latley with these candlesticks in FOREX so lets see
