Bitcoin put in a classic technical reversal yesterday

Author: Giles Coghlan | Category: News

BTC


The news that he People's Bank of China is actively discouraging crypto investments sent BTCUSD down through $30,000. However, the daily close showed a classic pin bar reversal.


  • The close was bullish
  • Space to the right (lots of empty spcae)
  • Opens up a test of $40,000

BTC can be a very technical market at times. 

BTC

Here is my interview with Bloomberg talking about Bitcoin yesterday and how important the daily close was going to be. 

The video is in Arabic. 



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