That said, only a move above $ 17,174 (Jan. 6 high) would signal a bearish - to -
bullish trend change.
The high volume inverse head and shoulders breakout signals a bearish - to -
bullish trend change and has opened the doors for a rally to $ 2,100 (target as per the measured height method).
Inverse head and shoulders breakout — a bullish reversal pattern, indicating a bearish - to -
bullish trend change.
That said, it is still too early to call a long - term bearish - to -
bullish trend change as the cryptocurrency is still stuck inside a falling channel (series of lower highs and lower lows on the price chart).
A rounding bottom is a long - term reversal pattern that indicates a bearish - to -
bullish trend change.
Only a high volume break above the falling channel resistance would signal a bearish - to -
bullish trend change.
However, only an upside break of the descending channel would signal a bearish - to -
bullish trend change.
Not exact matches
Option trader underperformance is concentrated in the (
bullish) April 2003 - March 2006 subperiod, suggesting inordinate reluctance to acknowledge a
change in market
trend in 2003.
On the downside, only a close (as per UTC) below $ 571.18 (Jan. 11 low) would signal a
bullish - to - bearish
trend change.
The overall bearish picture is unchanged, as although some of the largest coins broke their steepest trendlines, for a
trend change, stable
bullish momentum and an established leadership would be necessary.
In terms of percentages, DBC must increase 64 % to
change the
trend from bearish to
bullish.
The best way to profit on the
bullish side is to buy in an uptrend or buy when the
trend changes from down to up.
This retracement showed that the anticipated
trend change is unlikely to materialise and
bullish trades should not be taken.
According to mathematical indicators, the next stage could be a plunge to the support at $ 600, where a new
bullish consensus will emerge and provide concurrent elements ensuring a
change in prevailing bitcoin price
trends.
According to oversold mathematical indicators, a plunge to the support at $ 600 has started, where a new
bullish consensus is expected to provide the concurrent elements to ensure a
change in
trend.
Now, after a plunge to the support at $ 580 - $ 600, a new
bullish consensus is expected to provide the concurrent elements that ensure a
change in the current
trend.
That said, only a break below $ 9,000 would signal a
bullish - to - bearish
trend change.
Only an end - of - day close below the rising channel support (seen today at $ 5,690) would signal a short - term
bullish - to - bearish
trend change.
A bearish doji reversal occurs when the doji candle is followed by a big red candle, as seen on the above chart, and indicates a
bullish - to - bearish
trend change.
It would indicate a long - term
bullish - to - bearish
trend change.
Only a break below the trendline support would signal a near - term
bullish - to - bearish
trend change.