BTC has been trending downwards for more than 200 days, and is currently printing a bullish engulfing candle on the weekly timeframe!
if we close this candle above the previous candle's open price, which is about $21038 , we can expect an uptrend to start, which is what happened last time we had a bullish engulfing candle at the end of a downtrend: last year, in July
let's hope we close above 21k tonight!!
could this be the end of the bear market?
I think it might be, but we of course need some more confirmation to be sure it really is
let me know what you think about this idea! personally opened a BTC long :)
if we close this candle above the previous candle's open price, which is about $21038 , we can expect an uptrend to start, which is what happened last time we had a bullish engulfing candle at the end of a downtrend: last year, in July
let's hope we close above 21k tonight!!
could this be the end of the bear market?
I think it might be, but we of course need some more confirmation to be sure it really is
let me know what you think about this idea! personally opened a BTC long :)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.