BitcoinLong
The Closer to Weekly Open, the More Bullish
As you can see we have a pattern of weekly bearish candles closing with very long tails and small bodies. Particularly the last two.
The closer this candle closes to the open, the more likely it is that we break the SYMMETRICAL TRIANGLE pattern that is forming and we print fresh ALL TIME HIGHS.
If this is repeated in the current consolidation period, it is bullish. When selling pressure dries up...fireworks!
Peace, Love, & Crypto,
B166er
The closer this candle closes to the open, the more likely it is that we break the SYMMETRICAL TRIANGLE pattern that is forming and we print fresh ALL TIME HIGHS.
If this is repeated in the current consolidation period, it is bullish. When selling pressure dries up...fireworks!
Peace, Love, & Crypto,
B166er
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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.
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.