Looks like BTCs heading to 9500

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 - www.investopedia.com...e_white_soldiers.asp


www.investopedia.com...e_white_soldiers.asp

Commentaire:

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.

www.investopedia.com...s/c/cupandhandle.asp

Trade fermée manuellement:

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