The bearish absorption . [BTC/Bitcoin]

2018년 4월 25일

On the chart we can see the bearish absorption pattern , it's confirmed by the volume .
This pattern is a sign of a reversal movement , be careful.
Keep focused on the confirmed trend line.

2018년 4월 25일

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The support zones

2018년 4월 25일

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The price confirmed the previous resistance level as support.
Focus on the closure of the next four hour candle.

2018년 4월 25일

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The trend line was broken and the price fell below the previous resistance level.
Now the price is testing this level.
Let's see what happen next
STATUS Don't trade

2018년 4월 25일

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2018년 4월 25일

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Importantly

The morning doji star
in case of the closure of the four hour candle above the maximum of previous candle , we will can see the "morning doji star"
This pattern shows the weakening of the bears and change of the movement.

2018년 4월 26일

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the failure

2018년 4월 26일

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The bearish absorption on the day chart , it's confirmed by the volume , be careful

2018년 4월 26일

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Compare the bars.
The volume is about the same , but the candles is very different.
In my opinion it means that there is no buyer.
Be careful.

2018년 4월 26일

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The accumulation of positions in the blue rectangle.
Wait for the four hour candle to close.

2018년 4월 27일

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The small volume and the suspicious movement , be careful

2018년 4월 27일

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maybe it's the evening star pattern , be careful

2018년 4월 27일

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The volume increases when the price falls , this is the bearish sign.