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AlanSantana
25 oct. 2020 12:37
Bitcoin Bearish Pattern, Be Careful
BITFINEX:BTCUSD
240
Bitcoin / Dollar
Bitfinex
Description
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25 oct. 2020 12:37
Bitcoin (BTCUSD) just printed the first bearish signal/pattern since breaking above $11500, once our strongest barrier.
With this bearish signal now in, marked on the chart, additional bearish action can follow.
This is just a friendly reminder.
BTCUSD Chart Analysis/Signals
After a strong bearish candle, BTCUSD closed below EMA10 and the indicators are trending lower.
Any trading below EMA10 (green line) and the bearish potential is on.
If prices move back above EMA10, we forget about the bearish pattern and continue to enjoy as prices grow.
Namaste.
Trend Analysis
Technical Indicators
Beyond Technical Analysis
Commentaires
Honalulu
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26 oct. 2020 21:00
Buy signal = you are telling to sell
FindTheSun
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27 oct. 2020 14:41
@Honalulu
, why is this a buy signal?
elyminas
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25 oct. 2020 13:19
THANKS for your continuous analysis and help!
AlanSantana
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25 oct. 2020 13:20
@elyminas
, Glad to know this is helpful to you.
Namaste.
zahidnaz121
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25 oct. 2020 13:18
Keep us updated on btc charts. Thanks man.
AlanSantana
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25 oct. 2020 13:20
@zahidnaz121
, My pleasure.
AspiringPro
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27 oct. 2020 18:00
Wow! Unprecedented price action - reminds me a lot of 2016,2017. How about you, Alan? I know you were around then too. Alts and BTC is eerily reminiscent of early 2017 if you ask me :) Maybe 100k+ per BTC is not so farfetched after all!
Honalulu
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27 oct. 2020 10:36
Most terible analyst on TW, OMG.
PolarHusk
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26 oct. 2020 11:34
1st a sign of weakness I think. 🐻❄️🙏😊😃
bestfarbit74
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26 oct. 2020 10:42
great job, agree
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