Indicators and patterns
8/31/2024
Indicators and patterns
The first indicator is a "Closing Marubozu" on the 15-minute chart of the BTC/USD pair. A Closing Marubozu is a candlestick pattern where the candle has a long body with no wicks or shadows at either end, indicating strong momentum in the direction of the close. In this case, the Closing Marubozu is bearish, suggesting a strong selling pressure.The second indicator is an "Engulfing Pattern" on the 15-minute chart of the BTC/USD pair. An Engulfing Pattern is a two-candlestick pattern where the second candle completely engulfs the body of the previous candle. In this case, the Engulfing Pattern is bearish, indicating a potential trend reversal to the downside.
Both of these indicators are signaling a bearish sentiment and suggest a selling opportunity for traders in the BTC/USD pair at a price of 58992.57 as of August 31, 2024, at 18:30 UTC.
This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
