The price of bitcoin has remained these days, it has not broken the resistance of $ 10,200 and we see today that the price of bitcoin rises, I will analyze the weekly candle and average lines of 21 periods.
Let's see
Weekly Candle Analysis
Last week it closed with a Morning Star candle which gives a good indication that the price could continue to rise.
Morning star
"Star or star pattern is a trend reversal pattern (reversal) consisting of three candles, with a candle that is forming a star. Star is a candle with a short real body, like a doji or spinning top, which is detached from the real body candle before. There are three basic star patterns: the morning star, which appears in the descending trend; evening star and shooting star, which appear in the uptrend. "
"The pattern of morning star is a bullish pattern, reversal pattern reversal opposite the evening star. This indicates a weakening in the downtrend that could potentially cause a trend reversal. Like an evening star, the morning star consists of three candles with a candlestick in the center forming a star "
"The pattern of morning star is a bullish pattern, reversal pattern reversal opposite the evening star. This indicates a weakening in the downtrend that could potentially cause a trend reversal. Like an evening star, the morning star consists of three candles with a candlestick in the center forming a star "
Source: https://forex4live.com/candlestick-pattern-morning-star/
Another data from the weekly analysis of the price of Bitcoin has remained above the average line of 21 periods weekly chart
These are 2 signs that make us think that the trend may continue to rise
What you think?
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Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
We will continue monitoring
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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
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