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Thursday

13 May 2021

Bears Salivate As Bitcoin Monthly Close Leads To Indecision

Bears Salivate As Bitcoin Monthly Close Leads To Indecision


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The monthly candle at current levels will close as a doji, signaling indecision, and a potential reversal ahead.

The indecision has led the pivotal April monthly candle close to form a doji, if and when it closes tonight at 8PM ET.

However, if bears get the best of price action over the next month and close with another red candle, there’s risk of an evening star pattern.

An evening star reversal is a Japanese candlestick pattern that that forms when there’s a sharp rise capped off by a doji, then followed by an similarly strong showing by bears to the downside.

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Why Fiat Experts Don’t Get Bitcoin
published: 1 hour ago
There are various reasons traditional experts do not understand bitcoin and thus have negative views on it.

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