$BLZ A "change of character" is a term often used in technical analysis to describe a shift in the price behavior of an asset. It typically suggests a change in the prevailing trend or sentiment. In your case, you've mentioned a "bearish change of character" on both the 5-minute and 15-minute time frames.

Here's what a bearish change of character might look like on these time frames:

5-Minute Time Frame:

On the 5-minute chart, you would have observed the price of the asset trending upwards or exhibiting bullish behavior.A bearish change of character in this context could be a sudden reversal or a shift in the price action, indicating that the bulls are losing control.This change could manifest as a sharp downward move, a breakdown of key support levels, or a series of lower highs and lower lows.

15-Minute Time Frame:

On the 15-minute chart, you would look for a similar shift in behavior but on a slightly longer time frame.A bearish change of character on the 15-minute chart might be more significant and indicate a broader change in market sentiment.This could involve a more extended downtrend, a break of critical support levels, or other technical indicators pointing to bearishness.

To confirm a bearish change of character, you would typically use a combination of technical indicators, chart patterns, and price action analysis. Pay attention to signs such as a breakdown of trendlines, moving average crossovers, or the emergence of bearish candlestick patterns.

It's important to remember that cryptocurrency markets can be highly volatile, and what appears to be a change of character can sometimes be a temporary fluctuation. Always use risk management strategies, stop-loss orders, and consider the broader market context before making trading decisions. Additionally, make sure to use real-time data and analysis tools to stay up to date with the latest market movements. #crypto2023A  #crypto  #cryptocurrency  #Binance  #blz