$BTC 9D candles + TD Sequential suggest reversal imminent
Zaktualizowano
Using 9 day candles with the 9-count TD Sequential indicator should be a no-brainer to anybody who understands numerology
It called the 2017 top and the first 2021 peak, as well as the July 2021 low and reversal.
The November high came 1 candle shy of another 9 + a 4-candle reversal, then down again. The so-called "spirit of the 9".
We are now (Jan 2022) at another 9 bottom candle, a possible higher low at trend line support. A repeat of the previous PA suggests a new ATH by late April.
Of course, past performance does not ensure future results. But it still looks to me like BTC is in a bullish upward consolidation pattern.
It called the 2017 top and the first 2021 peak, as well as the July 2021 low and reversal.
The November high came 1 candle shy of another 9 + a 4-candle reversal, then down again. The so-called "spirit of the 9".
We are now (Jan 2022) at another 9 bottom candle, a possible higher low at trend line support. A repeat of the previous PA suggests a new ATH by late April.
Of course, past performance does not ensure future results. But it still looks to me like BTC is in a bullish upward consolidation pattern.
Uwaga
This turned into a breakdown of the triangle, followed by a re-test and then more downside. Looks rather bearish now.
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