The BTC Break May be Coming.
The heiken-ashi uptrend failed in March 2024.
"Heiekn-ashi" means "Aveage bar" and it's a way to smooth out noise of candle sticks. The theory is these will be much more useful for trend following since they will produce less false reversal signals (and it's a good theory, HA bars are great for semi passive trend following).
The general idea is when the bars turn red, you become more careful. And the bars have turned red multiple times now. Not a good look for your HA trend.
Also, this looks like the famous Bart topping pattern we've seen in BTC so many times before.
"Heiekn-ashi" means "Aveage bar" and it's a way to smooth out noise of candle sticks. The theory is these will be much more useful for trend following since they will produce less false reversal signals (and it's a good theory, HA bars are great for semi passive trend following).
The general idea is when the bars turn red, you become more careful. And the bars have turned red multiple times now. Not a good look for your HA trend.
Also, this looks like the famous Bart topping pattern we've seen in BTC so many times before.
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