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Malik Israr Ahmad
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#BTC has made a successful breakout from symmetrical Triangle. $70K is on cards ! NFA
#BTC
has made a successful breakout from symmetrical Triangle.
$70K is on cards !
NFA
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#BTC Update: In order to acquire liquidity whales plunged price to $64.5K. Liquidity for longs has been tackled! In order to create more fear whales can dump price to further two levels $67,729 and $66,243 indicated in blue lines. I strongly believe that price can bounce any time from or above two blue lines. NFA
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#BTC is ready to change its position. $74K is just a matter of time! NFA
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#DOGE is getting ready for master move! Elone Musky where r u buddy?
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#BTC Update: #Bitcoin is accumulating around stiff resistance cluster indeed 💯. This rejection was obvious as I previously mentioned this. #BTC need some fule/Catalyst to break this weak resistance zone. After clear breach of this resistance #BTC will officially starts Bull Run 2024-2025. NFA
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🔥🔥HANGING MAN CANDLESTICK 🔥🔥 The Hanging Man candlestick pattern is a bearish reversal pattern that appears at the top of an uptrend ¹ ² ³ ⁴: ✍️✍️✍️ Key points to consider: 👉 The Hanging Man occurs during an uptrend and warns that prices may start falling. 👉 The candle is composed of a small real body, a long lower shadow, and little or no upper shadow. 👉 The hanging man shows that selling interest is starting to increase. 👉 For the pattern to be valid, the candle following the hanging man must see the price of the asset decline. 👉 The long lower shadow of the hanging man shows that sellers were able to take control for part of the trading period. 👉 The hanging man pattern is just a warning. The price must move lower on the next candle in order for the hanging man to be a valid reversal pattern. This is called confirmation. 👉 Traders typically exit long trades or enter short trades during or after the confirmation candle, not before. 👉 The hanging man and the hammer candlesticks look identical. The only difference is the context. The hammer is a bottoming pattern that forms after a price decline, while the hanging man occurs after a price advance.
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