Note : this is not trading advice , Gauge the market temperament as we approach 10k.
- BTC should stop around 8500 , Of concern will be if it goes down past 8500 .
7900 has been successfully in the past to stop drops.
if 7900 fails to hold BTC can drop to 6k.
Thats thee black crows
BEARISH THREE BLACK CROWS
This pattern indicates a strong reversal in the market. It is characterized by three normal or long candlesticks decrementing downwards. The opening of each day is slightly higher than previous close and prices progressively close at lower levels. This staircase like behavior signals the reversal of the trend.
1. The market is characterized by a prevailing uptrend.
2. Three consecutive normal or long black candlesticks are observed.
3. Each candlestick opens within the body of the previous day.
4. Candlesticks progressively close at new lows, below the preceding day.
Pattern Requirements and Flexibility
The Three Black Crows consists of three consecutive normal or long black candlesticks. The last two candlesticks must open within the range of the preceding candlestick and close lower.
The last cup ends at 12k but it spaced out from the others so looks like it may take a while to get there - a few days is my guess.