BTC Monthly candle has 4 days to go and is wrapping things up on a Large bearish pin-bear.
This is not a good way to close out a monthly candle as the bearish Pinbar would indicate a negative trend change and possible further downtrend next month to the 18k area.
To negate this if BTC moves back up to the 33/34k area before closing out the January candle this can flip the monthly candle to a spinning top which can be a neutral candle
Whats does this mean ?
=====================
This means in the next 4 days before the end of January BTC has to show some strength and move back to the 33/34k area - Plus remain there until the January candle closes.
This is not a good way to close out a monthly candle as the bearish Pinbar would indicate a negative trend change and possible further downtrend next month to the 18k area.
To negate this if BTC moves back up to the 33/34k area before closing out the January candle this can flip the monthly candle to a spinning top which can be a neutral candle
Whats does this mean ?
=====================
This means in the next 4 days before the end of January BTC has to show some strength and move back to the 33/34k area - Plus remain there until the January candle closes.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.