mycotoxin

Looks like BTCs heading to 9500

COINBASE:BTCUSD   Bitcoin / Đô la
Look like BTCs             heading to towards 9500 as we see 'Three White Soldiers' on the 6 hour candle .

what is 3 white soldiers ?

Three white soldiers is a bullish candlestick pattern that is used to predict the reversal of the current downtrend. This pattern consists of three consecutive long-bodied candlesticks that have closed higher than the previous day, with each session's open occurring within the body of the previous candle.

Read more: Three White Soldiers - https://www.investopedia.com/terms/t/three_white_soldiers.asp


https://www.investopedia.com/terms/t/three_white_soldiers.asp
Bình luận: I was wondering what was going to happen as the 4 hour candle hits an 8 in the next 27 minutes. This usually means (not in all cases) a possible 1 to 4 candle pullback. This pullback does not always occur and is sometimes skipped.

However as my good friend @umairceo points out BTC is also forming a cup and handle on the 1 hour. Hence if we see a pullback from the 4hour candle this is most likely the handle of the cup forming .
The handle formation drops are often extreme but we can relax as they back retrace upwards rapidly indicating more green tea and cookies are most likely on the way.

https://www.investopedia.com/terms/c/cupandhandle.asp
Tự đóng giao dịch: Closing this out as BTC does not appear bullish currently , will reopen if situation changes. if the downtrend continues BTC can drop to 83xx , 7900 or retrace back to 6k
its also almost completing cup & handle pattern on 1 hour chart
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mycotoxin umairceo
@umairceo, good catch
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umairceo mycotoxin
@mycotoxin, thanks
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