BTC Gravestone Doji! Watching for Bitcoin Weakness!

BTC Gravestone Doji! Watching for Bitcoin Weakness!

We’ve almost tripled in this last BTC run and only a few days ago we printed one of the most bearish candles out there - the gravestone doji! How bitcoin acts here will test the strength of buyers in the market. In normal past markets this would be a serious correction candle, BUT bitcoin has surprised us before! We are deep in the green zone so we are looking for weakness - any sign of a retreat. If large corporations are actually buying and buyers are still in control this formation can be invalidated by a close above the wick. In my opinion, we need a break, but bitcoin is very very strong right now so we just have to wait and see.

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