@AshleyMiller on BTCUSD | PriceONN Community
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.
Replies
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.