@AshleyMiller on BTCUSD | PriceONN Community

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AshleyMiller
AshleyMiller PRO newbie
BTCUSD Mar 11
Doji candle forming on the D1 chart. could signal indecision in the market...or just be an inducement before another leg down. Gotta be careful.
BTCUSD

Replies (1)

obaker470
obaker470 PRO newbie Mar 17
Hey @AshleyMiller, I agree that doji is a significant signal. What concerns me is that it's forming after a period of consolidation rather than a clear trend. This could mean the bears are losing momentum, or it could be a pause before the next leg down. I'm looking closely at the S1 pivot at 73554; a break below that on increased volume would be a bearish confirmation for me.
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