Tre on Nostr: WHY THE SUDDEN DUMP ON BITCOIN ? #btc #cripto #analysis #Explains #zap : Technical ...
WHY THE SUDDEN DUMP ON BITCOIN ?
#btc #cripto #analysis #Explains #zap
: Technical analysis Explains
What just happened to Bitcoin is called a pullback which was caused by the Dark Cloud Cover candlesticks and with the help of the 3 Evening Soldiers
Well how to identify the Dark Cloud Cover in a trade ?
1) there must be a preceding uptrend
2) A green candle followed by a red candle
3) the red candle opens with a gap-up and at 50% or below the real body of the candle stick
How can you trade Dark Cloud Cover candlesticks ?
I ) look for the dark cloud cover at thr top of an uptrend
2) wait for the next candlesticks to close below the low of the red candle to confirm the existence of a BEARISH force
3) open a short position upon confirmation
4) place a stop loss above the high of the red candle
Just like the image below
Published at
2023-07-17 18:35:54Event JSON
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"content": "\n WHY THE SUDDEN DUMP ON BITCOIN ?\n#btc #cripto #analysis #Explains #zap\n: Technical analysis Explains\n\n What just happened to Bitcoin is called a pullback which was caused by the Dark Cloud Cover candlesticks and with the help of the 3 Evening Soldiers \n\nWell how to identify the Dark Cloud Cover in a trade ?\n\n 1) there must be a preceding uptrend\n 2) A green candle followed by a red candle\n 3) the red candle opens with a gap-up and at 50% or below the real body of the candle stick\n\n How can you trade Dark Cloud Cover candlesticks ?\n\n I ) look for the dark cloud cover at thr top of an uptrend\n\n 2) wait for the next candlesticks to close below the low of the red candle to confirm the existence of a BEARISH force\n\n 3) open a short position upon confirmation\n\n 4) place a stop loss above the high of the red candle\n Just like the image below\nhttps://nostr.build/i/9427df6e14add3903abda7cdba70b18d55012eb5b7ad6cd4b20f1bd6157f4633.jpg",
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