WHY THE SUDDEN DUMP ON BITCOIN ?

#btc #cripto #analysis #Explains #zap

: Technical analysis Explains

What just happened to Bitcoin is called a pullback which was caused by the Dark Cloud Cover candlesticks and with the help of the 3 Evening Soldiers

Well how to identify the Dark Cloud Cover in a trade ?

1) there must be a preceding uptrend

2) A green candle followed by a red candle

3) the red candle opens with a gap-up and at 50% or below the real body of the candle stick

How can you trade Dark Cloud Cover candlesticks ?

I ) look for the dark cloud cover at thr top of an uptrend

2) wait for the next candlesticks to close below the low of the red candle to confirm the existence of a BEARISH force

3) open a short position upon confirmation

4) place a stop loss above the high of the red candle

Just like the image below