Very narrow candle bodies (4H) may indicate large move coming?
I noticed something odd today. It could just be an odd pattern and may not amount to much. I've been looking at the wide swings on the 30 minute BTC chart all day long, and tonight I zoomed out to the 4 hour chart to see 4 candles about the same height all sitting side by side. Where did they come from? LOL Almost like looking at 4 crows sitting on a wire. The longer this goes on, the more violent the break out is expected, either up or down. It may not mean much now because it just amounts to 16 hours. But it is something to watch out for. It could be a fluke that all of the 4 candles lined up in a row so perfectly, or maybe someone is putting the pressure on. We might know tomorrow if there is a breakout. It could go either way.
Don't forget to hit the Like button when you leave.
Don't forget to hit the Like button when you leave.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.