The February candle is caught between tenkan + kijun
Shadow candle is triple the upper shadow
and shadow cuts off the EMA9
The next target will be EMA26...about 4k4
If the Feb candlestick is green doji ...the first week of March will be a slight increase
If the Feb candlestick is red doji , close lower than 9k2, the first week of March will down strongly
With a strong rebound at kijun - 10k1
February candlestick 's close below 9k2 is quite low
I'm inclined to slightly increase in the first week of March
Shadow candle in January by half of December....that is to abandon the intention to set a new peak
In case of slight increase, with the Dow Theory principle, a slight increase would be less than 11k7
If btc touches 10k3, it will turn 11k1
If btc touches 9k9, it will turn 11k3
Summary:
In the short term, would be slight increase
In the long term, the dump will be deep.
Shadow candle is triple the upper shadow
and shadow cuts off the EMA9
The next target will be EMA26...about 4k4
If the Feb candlestick is green doji ...the first week of March will be a slight increase
If the Feb candlestick is red doji , close lower than 9k2, the first week of March will down strongly
With a strong rebound at kijun - 10k1
February candlestick 's close below 9k2 is quite low
I'm inclined to slightly increase in the first week of March
Shadow candle in January by half of December....that is to abandon the intention to set a new peak
In case of slight increase, with the Dow Theory principle, a slight increase would be less than 11k7
If btc touches 10k3, it will turn 11k1
If btc touches 9k9, it will turn 11k3
Summary:
In the short term, would be slight increase
In the long term, the dump will be deep.
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OMG, Bullish Bat, Scott Carney found it in 2001, I'm not sure about this model.