Bitcoin’s Downgrade Signal Could Send Bulls To Early “Grave”

The price of Bitcoin has retreated from the main indicators set earlier this week, and there are concerns about another potential fall. Although the main cryptocurrency is bullish on most technical and core indicators, Daily references last night close the signal of a decline in the BTCUSD price chart, suggesting that the fears are justified.

If the bear candle signal is accurate and confirmed, a sharp retreat could almost completely reset the final rally. Here’s a closer look at the potential “tombstone Doji” and why crypto bulls can nail the coffin in its final push.

Bear Candle Could Mean High For Bull Rally

The fact that cryptography is central to Washington does more to legitimize the asset class than any other situation before. Institutions that have not paid attention to this so far cannot deny its existence and longevity.

Outside the world of politics, the number of bitcoin owners is growing, and the network is recovering from the mixed failure and related mining ban in China. The overall buying signal is back. Technical indicators across the board are generally bullish, but the day-to-night shutdown last night could be a prelude to clearing the market.

What is the reading / bear market by topic ? Bulls Now “Control”Any Bitcoin Timeframe

Although Bitcoin is bullish even during the day, the cryptocurrency may close again to retest the support below. The lower things go, the next question will be answered, but now let’s look at the bearish signal left behind last night after the day closed.

The signal is called the doji tombstone and tends to appear at the peak of the upward trend.

Is the doji tombstone a death signal for cryptography? Source: on btcusdt TradingView.com

Void: bitcoin day candle creates deadly Doji tombstone

According to Investopedia, a doji headstone is a drop-prone candle mold formed with a long top shade or stone when opening, low and closing prices are close together. Long wi

Join the Discussion

  • BrokerEUR/USD
    SpreadEX 0.6pips (variable) margin: 3.33%
    City Index 0.5pips (fixed) margin: 3.33%
  • Back to top