BTC How low can you go during the weekend? Reversal?
1. If we continue at this rate we will get a sequential 9 on Sunday. That is only if we continue to close Friday, Saturday, and Sunday lower than the close 4 days prior to the specific date.
Since we are most likely going to see the Death Cross (50 D MA crosses over the 200 D MA) this weekend, the probability of getting a sequential 9 on Sunday is reasonable.
2. If the low of Candle 8 is lower than or equal to the low of candle 6 & 7 then we have the makings of a Perfect Buy signal
3. If Candle 9's low is lower than or equal to the low of both candle 6 & 7 then we officially have a Perfect Buy signal
4. Once the sequential 9 is reached we should have a 3-4 candle reversal or consolidation. Keep in mind these events can happen even if we don't get a Perfect buy signal. If we get a perfect buy signal the chances of a 3-4 candle reversal is higher.
Keep an eye on the activity during the weekend, it will be worth it.
I will post an updates during the weekend.
Keep it Simple.
Good luck!!
*Not financial advice ;)
Since we are most likely going to see the Death Cross (50 D MA crosses over the 200 D MA) this weekend, the probability of getting a sequential 9 on Sunday is reasonable.
2. If the low of Candle 8 is lower than or equal to the low of candle 6 & 7 then we have the makings of a Perfect Buy signal
3. If Candle 9's low is lower than or equal to the low of both candle 6 & 7 then we officially have a Perfect Buy signal
4. Once the sequential 9 is reached we should have a 3-4 candle reversal or consolidation. Keep in mind these events can happen even if we don't get a Perfect buy signal. If we get a perfect buy signal the chances of a 3-4 candle reversal is higher.
Keep an eye on the activity during the weekend, it will be worth it.
I will post an updates during the weekend.
Keep it Simple.
Good luck!!
*Not financial advice ;)
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