Hey guys!
As you can see on the Daily Chart of Bitcoin (BTC). There has been Falling Three Method patterns
Now, what is a Falling Three Method?
Falling Three Methods is a five-candle bearish pattern that signifies a continuation of an existing downtrend. The first candle is long and red, followed by short green candles with bodies inside the range of the first candle. The last candle is also red and long and it closes below the close of the first candle. The decisive fifth strong bearish candle hints that bulls could not reverse the prior downtrend and that bears have regained control of the market (Tradingview's Definition).
Dubious speculation shows that there are 25 more days left of this downtrend.
Hope this helps!
Safe trading,
As you can see on the Daily Chart of Bitcoin (BTC). There has been Falling Three Method patterns
Now, what is a Falling Three Method?
Falling Three Methods is a five-candle bearish pattern that signifies a continuation of an existing downtrend. The first candle is long and red, followed by short green candles with bodies inside the range of the first candle. The last candle is also red and long and it closes below the close of the first candle. The decisive fifth strong bearish candle hints that bulls could not reverse the prior downtrend and that bears have regained control of the market (Tradingview's Definition).
Dubious speculation shows that there are 25 more days left of this downtrend.
Hope this helps!
Safe trading,