Bitcoin Price Got 4 Successive Weekly Green Candle After Market Crash
We have seen 4 successive green candles on Bitcoin price chart. Bitcoin price got lots of weekly red candles in this year. After touching 60K USD, Bitcoin price tried to reverse up. It got 4 successive weekly red candles. These are great green candles series on Bitcoin price chart. We have not seen any green candles series in this year.
Here you can see weekly chart of Bitcoin price. We have not also seen any successive weekly two green candles on Bitcoin price chart. It may see the signal for reversing up.
Bitcoin price is still in an ascending channel. It should break up the top level of this channel. If we see weekly red candles, We may see breaking down on this ascending channel.
Here you can see Fisher Indicator on weekly chart of Bitcoin price. Fisher Indicator was going up. It will reverse down after reaching the top level. If we see weekly red candles, We will see reversing down on Fisher Indicator.
It may be a correction on Bitcoin price chart or It will be reversing down on Bitcoin price chart. You can see same weekly green candles series on Bitcoin price chart. You can see what happened after this weekly green candle series.
It is so possible to see price correction or reversing the trend on Bitcoin price chart. This week is so important.
We will see..
Posted Using INLEO
From Ghana, watching Bitcoin print 4 green weeks in a row feels like watching the cedi finally stabilize after a long drop, it gives you hope, but you're not fully relaxed yet.
The ascending channel is the line to watch. Break above = confidence. Reject = back to waiting.
I'm not trading this ,just DCA and building Hive. But posts like yours help me understand the technical side of what I'm watching.
Thanks for sharing.