Bitcoin Forecast: Negative Candlesticks Attract Attention – 27 October 2020

The bitcoin market has gone back and forth during the trading session on Monday, reaching above the $13,000 level. Ultimately, we ended up forming a bit of a shooting star which of course is a very negative sign. The negative candlestick course is something that will attract a certain amount of attention, as it is such a widely followed technical analysis candlestick shape. Having said that, the market looks as if it is killing a little bit of time, and the candlestick suggests that perhaps we could even pull back from here. Pulling back makes quite a bit of sense, as we had recently sliced th…

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