a_z_91

Critical point (Trend Reversal vs Continuation)

BITSTAMP:BTCUSD   Bitcoin
With 5900 acting as a support, on the daily chart on the 22/6/2018 the large bald red candle formed a start of a Bullish Harami. This can be a sign of a reversal, only if the daily candle in the uptrends close above 50% of the 22/6 candle, that is around 6370 USD. The 6370 will act as a resistance but once it is broken we're looking at a possible reversal and the next resistance level will be at about 7560 USD (Fib 0.618 + Resistance ).

The second scenario (Bearish): if we and begin a downtrend from 6370 which means a continuation of the downward channel -> we could be heading down towards 4300 USD support level (Fib 0.786).
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.