calmrat

Red days are Green Days for Bitcoin Heikin-Ashi

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INDEX:BTCUSD   Bitcoin
There are times when you can consider a situation and never quite understand what's going on. There are other times when we can see there continues to be positive momentum in the market, even if most other's don't see it.

Admittedly, it's on the edge. Similar to two mini-cycles ago on the Heikin-Ashi BTC daily chart, and more or less even like the previous, we need to watch for the post-4 bar trend reversal. Perhaps there just isn't enough steam in the move to keep it green.

For now though, it seems like a standard, healthy, and desirable retrace back to test 42k as support. Wicks below are the result of unfortunate liquidation causalities along the way. These are the one's who are force to market sell their assets, because they were a little too optimistic.

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