Bitcoin reversal potential (Market Analysis, 14 Sep 2021)
Hy traders, SIRLEVEN here, well on this occasion I try to share again about the Bitcoin analysis that I previously discussed a few days ago, let's just go straight to the discussion.
We can see from the daily candle that there is the potential for the formation of a triple doji candle, this indicates that there is a change in sentiment from market participants, who were previously afraid and caused panic selling, so with this change in sentiment, the potential for a reversal of the direction of Bitcoin movement will occur, but Bitcoin still need to break the current resistance, which is the 47.7 area, which previously failed to break and finally corrected again. Well maybe enough for this analysis and hopefully it helps, and see you in the next analysis
We can see from the daily candle that there is the potential for the formation of a triple doji candle, this indicates that there is a change in sentiment from market participants, who were previously afraid and caused panic selling, so with this change in sentiment, the potential for a reversal of the direction of Bitcoin movement will occur, but Bitcoin still need to break the current resistance, which is the 47.7 area, which previously failed to break and finally corrected again. Well maybe enough for this analysis and hopefully it helps, and see you in the next analysis