Master these six candles and you won't lose a trade ✅🥰
Master these six candles and you won't lose again** 🚨
🔥 Ultimate bullish reversal patterns 1️⃣🛠️ Hammer pattern - Looks like: a small body, long lower wick. - Where? Bottom of the downtrend. - What it means: Sellers were strongly rejected - buyers step in. - 🚨 Confirmation: The next candle must be green. 2️⃣🔄 Inverted hammer
On the daily frame, a potential short-term bearish trend can be observed after breaking the support level between $106,632 - $107,332, which may drive the price towards $103,170. 2. Support and Resistance Levels
Support: Key levels at $100,642 - $103,302.
In case of a break, the price may reach $94,635 or even $77,300.
Resistance: Key level at $112,006, and if broken, the price may target $113,000 or extend to $130,000.
There is also notable support at $108,000 - $106,000, with a possibility of a deeper correction to $98,900 - $97,700 if broken.
3. Technical Indicators
MVRV: The market capitalization to realized value ratio indicates that the market is in a "Moderate Profit" phase, meaning we have not reached peak valuation yet, but we are in a zone that requires caution.
NUPL: Net Unrealized Profit/Loss places the market in the "Belief Phase", where most holders are in profit, with room for an upward movement before reaching the euphoria phase.
4. Technical Conclusion
The overall trend for Bitcoin appears bullish in the long term, but there is a possibility of short-term corrections. It is advisable to monitor support and resistance levels to determine entry and exit points.
Now what is your advice for me, should I close or wait for the opposite question 🙂🥰 Trading requires patience 🤌 They said, and I waited 🙂🤭 #CryptoCPIWatch $SYRUP #السوق_لا_يرحم