Bitcoin Price Weekly Candle Could Be Omen Of Painful Drop Incoming

clicks | 2 months ago | Google AI sentiment -0.30 | comments: discuss | tags: bitcoin cryptocurrency

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Bitcoin Price Weekly Candle Could Be Omen Of Painful Drop Incoming – newsBTC April 15, 2019 At the start of April, Bitcoin price rallied through resistance at $4,200 and rocketed nearly $1,000 in the matter of an hour toward over $5,000. Since the massive green candle that many believe “confirmed” a bear market bottom was in , the Bitcoin price has been consolidating between $4,800 and $5,200. The price movement between the recent daily swing low and high, has caused the weekly Bitcoin price chart to close with a doji, which signals indecision in the market due to an equally fought battle between bulls and bears. However the next candle forms, could paint a painful picture for the price of the leading cryptocurrency by market cap. Prominent Trader Warns of Evening Star Doji on Bitcoin Price Weekly Chart Bitcoin price closed with a doji candlestick last night, following a week of consolidation after the previous week’s rally. As one prominent cryptocurrency trader and analyst points out , the current formation is now two-thirds of a way through of an evening star doji pattern. Related Reading | Bitcoin Technical Indicator Confirms New Uptrend After 16 Months of Red Dojis are candlestick patters that indicate indecision in a market. When they form at the top of an uptrend, it typically signals a reversal is due. The same is true in the inverse for doji that form at the bottom of a downtrend. Watch out! HUGE Bitcoin Evening Star Doji Setup on The Weekly! – #BLX chart ...