BTCUSD I previously published an idea in which I reviewed the BTCUSD chart on a 1 week timeframe. In this idea, I came to the idea that we will move below $ 3000, which I still think about. Today, I will publish a new idea with a shorter timeframe. It seems to me that BTCUSD repeats its own movement and we should expect a fall, as indicated by some indicators and patterns.On the 9th of January a doji reversal candle was formed. Today (March 19) we are witnessing the formation of a hammer reversal candle. I also noted on the chart a false break through of MA, which should signal an upward move, but unfortunately, it is false and we have to break down the next few days. Among other things, I attached the Stoch RSI indicator, which also signals overbought and the next downward movement.
I do not provide financial advice, I just publish my thoughts, nothing more. If you are trading, do not forget to use a stop order. Good luck!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.